Thorstein Veblen: Short Bio & Economic Theories & Ideas Thorstein Bunde Veblen (1857-1929) was born in Cato, Wisconsin. He tended to(p) Carleton College, as well as the universities of John Hopkins, Yale, and Cornell. He taught governmental 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) working for seven years at New York metropoliss New School for Social Research. He was illustrious for his significant analysis of our economic system and, by beat Blaug, for his mastery of the art of satire.
# Veblen went against the modern economic beliefs of his day. He identify a problem in our society that approximately did not. He noticed that the industrialists increased production of goods by hiring engineers to improve efficiency. This, in turn, drove prices down and lash profits, so the industry captains cut production to save profits. Ideas like this were prevalent in most of his writings ...If you want to get a full essay, roam it on our website:
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