Thorstein Veblen: Short Bio & Economic Theories & Ideas Thorstein Bunde Veblen (1857-1929) was born in Cato, Wisconsin. He attend Carleton College, as well as the universities of John Hopkins, Yale, and Cornell. He taught political economy and economics from 1892 to 1918 at the University of Chicago, Stanford University, and the University of Misssouri. He retired in 1926 after(prenominal) on the job(p) for seven years at New York urban shopping centres New School for Social Research. He was storied for his significant analysis of our economic system and, by visage Blaug, for his mastery of the art of satire.
# Veblen went against the modern economic beliefs of his day. He put up a problem in our society that or so did not. He noticed that the industrialists increased production of goods by hiring engineers to improve efficiency. This, in turn, drove prices down and condense profits, so the application captains cut production to save profits. Ideas like this were prevalent in most of his writings and ec...If you want to get a safe essay, separate it on our website:
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