'The Economics of Thorstein Veblen '

' on that point seems to be lowly question that Veblen had an a grasping and tidy mind; as a unsalted man he read ferociously. But, Veblen proceeded in life as an isolated s close off; his mind unpenetrable by others; and his personality matched his carnal appearance, -- peculiar.1\n\nHe walked through with(predicate) life as if he had descended from some other(prenominal) world, and the goings on which ... appeared to him as piquant, exotic, and curious as the rituals of a venomous association ... [he was] a mass of eccentricities.\n\nIn time Velben ground himself teaching at the University of Chicago, a university that was rise up funded (Rockefeller) and had determined to recess the entire cerebral market, even if it meant that the university was to end up with such(prenominal) a strange individual in its stable, as doubtlessly Thorstein Velben was.2 Veblens teaching methods were such that they drove students away(p): He mumbled, he rambled, he digressed.3\n\nTho ugh Veblen makes for an provoke biographical sketch, what in economics he provide be remembered for is his work, The Theory Of The vacant Class. It came off the presses in 1899. It was first written in such a syllabic manner that the paper had to get Veblen to re-write it several(prenominal) times. In it, Veblen pay back forth his virulent reckon of society.4\n\nFor to the highest degree people the have appeared to be nought more(prenominal) than only ... a ridicule on the shipway of the aristocratic carve up, and a telling ack-ack on the foibles of the rich. ... Although Veblen strength stop along the route to mention on the more striking topical anesthetic scenery, his interest cast at the issue of his journey, in such questions as What is the reputation of economic man? How does it happen that he builds his community that it will have a leisure segmentation? What is the economic implication of leisure itself?5\n\nVeblens theory of the leisure class is to be compared to that of Marxs theory. Marx was of the view that the upper class were at swords points with one a nonher and the inevitable historic outcome would be the violent countermand of the upper classes. Veblen, however, was of the view that the lower classes were not out to stamp out the upper class; but, rather, strived to climb up to it. Its presence, indeed, served the larger community by aspect the example and giving...If you indispensableness to get a full essay, edict it on our website:

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