Thorstein Bunde Veblen

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Definition
  1. Proper noun:
    • An American economist and sociologist: Thorstein Bunde Veblen was a prominent scholar known for his critical analysis of economic systems and social institutions, particularly in his works on "conspicuous consumption" and the "leisure class."
Examples of Usage
  • Proper noun:
    • Thorstein Bunde Veblen's theories on conspicuous consumption remain influential in sociology.
    • The economist Thorstein Bunde Veblen authored "The Theory of the Leisure Class."
Advanced Usage
  • "Veblenian analysis": Refers to a method of social critique inspired by Veblen's work, focusing on the social functions of economic behavior and institutional evolution.
    • The paper applied a Veblenian analysis to modern advertising practices.
Variants and Related Words

  • Veblen (noun): A common shortened reference to Thorstein Bunde Veblen or his ideas.

    • The concept is deeply rooted in Veblen.

  • Veblenesque (adj): Characteristic of or resembling the ideas of Thorstein Veblen, especially regarding critical observations of consumption and status.

    • The film offered a Veblenesque satire of luxury culture.
Synonyms
  • Social economist: A scholar who studies the interplay between economic activity and social structures.
  • Institutional economist: An economist who emphasizes the role of social institutions in shaping economic behavior.
Related Phrases

  • "Conspicuous consumption": A term popularized by Veblen in his 1899 book, describing the spending of money on luxury goods and services to publicly display economic power.

    • The purchase of the sports car was an act of conspicuous consumption.

  • "Leisure class": A social class, as defined by Veblen, that is exempt from productive work and engages in conspicuous leisure and consumption to demonstrate status.

    • Veblen critiqued the habits of the leisure class.
Related Idioms
  • "A Veblen good": In economics, a type of luxury good for which demand increases as its price increases, due to its exclusive and status-conferring nature. This term is derived from Veblen's observations.
    • Some designer handbags are considered Veblen goods.
Noun
  1. United States economist who wrote about conspicuous consumption (1857-1929)

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