Thorstein Veblen on Conspicuous Consumption

Author: Thorstein Veblen, born in Wisconsin in 1857, was an economist and sociologist. He grew up in Minnesota, raised by his parents to value education and hard work. Perhaps this is the root for his distain of what he termed as “conspicuous consumption” and waste of the Gilded Age.

Context: He wrote Conspicuous Consumption in 1902 in his book The Theory of the Leisure Class. He wrote this during the second industrial revolution.

Language: Veblen’s tone is critical, informative and philosophical.… Read the rest here

Leisure Class

Author: Thorstein Veblen, born in 1857, was a respected American sociologist and economist. He was raised in Nerstrand, Minnesota by successful Norwegian parents who accentuated the values of hard work and education while contributing to his disdain for lavishness. He began his formal studies in economics at the age of seventeen and worked under the tutelage of many prominent economists.
Context: Veblen’s renowned economic treatise, The Theory of the Leisure Class, was published in the United States in 1899.… Read the rest here