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Buy custom Thorstein Veblen: Short Bio & Economic Theories & Ideas

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Topic: Business
Number of pages / Number of words: 2 / 408
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Veblen, Thorstein. The Theory of the Leisure Class: An Economic Study of Institutions. Macmillan. New York, 1902. 66+


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Veblen went against the modern economic beliefs of his day. He identified a problem in our society that most did not. He noticed that the industrialists increased production of goods by hiring engineers to improve efficiency. This, in turn, drove prices down and cut profits, so the industry captains cut production to save profits...


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