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Quote by Thorstein Veblen

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THORSTEIN VEBLEN Ultimate Collection: 8 Books & 50+ Business Essays and Articles in Warfare and Economics: The Theory of the Leisure Class, The Theory of Business Enterprise, The Higher Learning In America, Panem et Circenses, The Vested Interests and the Common Man, The Use of Loan Credit in Business…

The THORSTEIN VEBLEN Ultimate Collection is a comprehensive compilation of the works of the influential economist and sociologist Thorstein Veblen. This collection brings together eight of Veblen's key books and over fifty additional essays and articles, offering a deep dive into his theories on the leisure class, business enterprise, higher education, and the role of credit in business. The collection includes seminal works like 'The Theory of the Leisure Class', which explores the social and economic aspects of leisure, and 'The Theory of Business Enterprise', which examines the nature of business organizations. Additionally, it features 'The Higher Learning In America', which critiques the American educational system, and 'Panem et Circenses', which analyzes the role of entertainment in society. The collection also includes 'The Vested Interests and the Common Man', which discusses the influence of special interests on public policy, and 'The Use of Loan Credit in Business', which examines the use of credit in business transactions. This extensive collection provides a comprehensive overview of Veblen's thought and his contributions to the fields of economics and sociology. more

Author

Thorstein Veblen
Thorstein Veblen

Thorstein Veblen was an American economist known for his sociological perspective on economics and his critical analysis of economic theories. His work, 'The Theory of the Leisure Class,' had a profound impact on later economics and sociology. more

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“The basis on which good repute in any highly organized industrial community ultimately rests is pecuniary strength; and the means of showing pecuniary strength, and so of gaining or retaining a good name, are leisure and a conspicuous consumption of goods.”

“With the exception of the instinct of self-preservation, the propensity for emulation is probably the strongest and most alert and persistent of the economic motives proper. In an industrial community this propensity for emulation expresses itself in pecuniary emulation; and this, so far as regards the Western civilized communities of the present, is virtually equivalent to saying that it expresses itself in some form of conspicuous waste.”