Thorstein Veblen was a multidisciplinary social scientist whose original insights continue to inspire debate. Rather than focusing on allocation, markets and scarcity, his perspective on economics was rather one of Darwinian evolution and perpetual development, unfolding conventions and interpersonal constraints. This interdisciplinary and comprehensive book determines that Veblen’s disparate theories of conspicuous consumption, imperial Germany, the giant corporation and the speculation-led cycle all add up to a consistent and coherent world-view.
Chapter 11: Socialism: The Intelligentsia and the Proletariat
Subjects: economics and finance, history of economic thought, welfare economics, social policy and sociology, comparative social policy, economics of social policy
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