thorstein veblen Synonyms
No Synonyms and anytonyms found
thorstein veblen Meaning
Wordnet
thorstein veblen (n)
United States economist who wrote about conspicuous consumption (1857-1929)
thorstein veblen Sentence Examples
- Thorstein Veblen's theory of conspicuous consumption argued that individuals purchase goods and services to display their social status.
- Veblen coined the term "conspicuous leisure" to describe the use of free time to signal wealth and superiority.
- According to Veblen, the leisure class engaged in "pecuniary emulation," competing with each other for higher levels of consumption.
- Veblen criticized capitalism for its tendency to create a leisure class that contributed little to society.
- Veblen's work influenced the development of institutional economics, which emphasizes the role of social institutions in economic behavior.
- Veblen's ideas have been used to explain the rise of consumer culture and the increasing inequality in modern society.
- Veblen's concept of "instinctual workmanship" argued that humans have an innate desire to create and contribute, which is often stifled by capitalist society.
- Veblen opposed the industrialization and mechanization of labor, as he believed they dehumanized workers and alienated them from their work.
- Veblen's writings on technology and innovation emphasized the potential for technological advancements to improve society, but also the dangers of their misuse.
- Thorstein Veblen remains a influential figure in economics and sociology, and his ideas continue to be debated and discussed today.
FAQs About the word thorstein veblen
United States economist who wrote about conspicuous consumption (1857-1929)
No synonyms found.
No antonyms found.
Thorstein Veblen's theory of conspicuous consumption argued that individuals purchase goods and services to display their social status.
Veblen coined the term "conspicuous leisure" to describe the use of free time to signal wealth and superiority.
According to Veblen, the leisure class engaged in "pecuniary emulation," competing with each other for higher levels of consumption.
Veblen criticized capitalism for its tendency to create a leisure class that contributed little to society.
