Matthew Watson

Matthew Watson, a Political Economy professor, Bill Waller, an Economics professor, and Mary Wrenn, a Senior Lecturer in Economics, delve into Thorstein Veblen's pivotal work. They discuss the Gilded Age's emergence of a leisure class, highlighting conspicuous consumption and waste. The conversation covers how Veblen's critiques predated modern economic thought, influenced the New Deal, and introduced the concept of Veblen goods. They also explore the interplay between economic theories and societal change, revealing the enduring relevance of Veblen's insights.

Matthew Watson, a Political Economy expert, Bill Waller, an economic historian, and Mary Wrenn, a Senior Lecturer in Economics, dive into Thorstein Veblen's influential critique, The Theory of the Leisure Class. They discuss the concept of conspicuous consumption, connecting it to today's consumer society and its wasteful tendencies. The guests explore Veblen's historical context, his impact on social movements, and the implications of wealth on societal values. They reflect on Veblen's lasting legacy in today's economic discussions, emphasizing the need for sustainability and social consciousness.