16min chapter

In Our Time: Philosophy cover image

The Theory of the Leisure Class

In Our Time: Philosophy

CHAPTER

Veblen's Legacy and Economic Evolution

This chapter explores Thorstein Veblen's influential critique of conventional economics through his works, notably 'The Theory of the Leisure Class.' It discusses the historical significance of his ideas on social change, institutional economics, and their impact on modern policies, particularly following the Great Depression. The narrative emphasizes the ongoing relevance of Veblen's thoughts in today's economic landscape, advocating for a dynamic approach to economics that considers cultural and ecological contexts.

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