Veblen the making of an economist who unmade economics

Thorstein Veblen's analysis of America's parasitic upper class, which plunders its wealth from productive workers, is widely attributed to his outsider status. But Charles Camic shows that Veblen's ideas did not derive from social marginality. Veblen was a professional economist whose...

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Bibliographic Details
Main Author: Camic, Charles
Format: eBook
Language:English
Published: Cambridge, Mass. ; London Harvard University Press 2020
Subjects:
Usa
Online Access:
Collection: DeGruyter MPG Collection - Collection details see MPG.ReNa
Description
Summary:Thorstein Veblen's analysis of America's parasitic upper class, which plunders its wealth from productive workers, is widely attributed to his outsider status. But Charles Camic shows that Veblen's ideas did not derive from social marginality. Veblen was a professional economist whose fierce social critique was the work of an academic insider.A bold new biography of the thinker who demolished accepted economic theories in order to expose how people of economic and social privilege plunder their wealth from society's productive men and women. Thorstein Veblen was one of America's most penetrating analysts of modern capitalist society. But he was not, as is widely assumed, an outsider to the social world he acidly described. Veblen overturns the long-accepted view that Veblen's ideas, including his insights about conspicuous consumption and the leisure class, derived from his position as a social outsider. In the hinterlands of America's Midwest, Veblen's schooling coincided with the late nineteenth-century revolution in higher education that occurred under the patronage of the titans of the new industrial age. The resulting educational opportunities carried Veblen from local Carleton College to centers of scholarship at Johns Hopkins, Yale, Cornell, and the University of Chicago, where he studied with leading philosophers, historians, and economists. Afterward, he joined the nation's academic elite as a professional economist, producing his seminal books The Theory of the Leisure Class and The Theory of Business Enterprise. Until late in his career, Veblen was, Charles Camic argues, the consummate academic insider, engaged in debates about wealth distribution raging in the field of economics.
Physical Description:492 Seiten
ISBN:9780674250680
9780674250697
9780674250710