Abstract
This article outlines the work of the American institutional economist Thorstein Veblen (1857–1929), stressing his critique of neoclassical economics and his development of an alternative, evolutionary approach to the analysis of social, economic and technological change. Veblen’s analytical approach to both technology and institutions is discussed, as well as his explicit application of the evolutionary ideas from Darwinian biology to economics.
This chapter was originally published in The New Palgrave Dictionary of Economics, 2nd edition, 2008. Edited by Steven N. Durlauf and Lawrence E. Blume
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Bibliography
Daugert, S. 1950. The philosophy of Thorstein Veblen. New York: Columbia University Press.
Dorfman, J. 1934. Thorstein Veblen and his America. New York: Viking Press.
Hodgson, G. 2004. The evolution of institutional economics: Agency, structure and Darwinism in American institutionalism. London: Routledge.
Jorgensen, E., and H. Jorgensen. 1999. Thorstein Veblen: Victorian Firebrand. Armonk: M. E. Sharpe.
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Hodgson, G.M. (2008). Veblen, Thorstein Bunde (1857–1929). In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95121-5_1855-2
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DOI: https://doi.org/10.1057/978-1-349-95121-5_1855-2
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Publisher Name: Palgrave Macmillan, London
Online ISBN: 978-1-349-95121-5
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Latest
Veblen, Thorstein Bunde (1857–1929)- Published:
- 20 March 2017
DOI: https://doi.org/10.1057/978-1-349-95121-5_1855-2
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Original
Veblen, Thorstein (1857–1929)- Published:
- 17 November 2016
DOI: https://doi.org/10.1057/978-1-349-95121-5_1855-1