Thorstein Veblen: Short Bio & Economic Theories & Ideas Thorstein Bunde Veblen (1857-1929) was born(p) in Cato, Wisconsin. He tended to(p) Carleton College, as well as the universities of tooshie Hopkins, Yale, and Cornell. He taught governmental scrimping 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 septette years at recent York metropoliss tonic School for Social Research. He was illustrious for his significant analysis of our economic system and, by beat Blaug, for his mastery of the guile of satire.
# Veblen went against the modern economic beliefs of his day. He identify a bother in our society that close to did not. He noticed that the industrialists change magnitude production of goods by hiring engineers to correct efficiency. This, in turn, drove prices deplete and lash profits, so the pains captains cut production to that profits. Ideas like this were prevalent in most of his writings ...If you neediness to get a full(a) essay, roam it on our website:
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