Theory of the Leisure Class: An Economic Study of Institutions

Thorstein Veblen (1857-1929), the controversial American economist and social critic, argues that economics is essentially a study of the economic aspects of human culture, which are in a constant state of flux. In his best-known work, The Theory of the Leisure Class (1899), Veblen appropriated Darwin's theory of evolution to analyze the modern industrial system.While industry itself demanded diligence, efficiency, and cooperation, businessmen in opposition to engineers and industrialists w...