With its wry portrayal of a shallow, materialistic 'leisure class' obsessed by clothes, cars, consumer goods and climbing the social ladder, this withering satire on modern capitalism is as pertinent today as when it was written over a century ago.

Fired by Stanford and the University of Chicago but recommended by his peers to the presidency of the American Economic Association, Thorstein Veblen remains a baffling figure. In part because he was an eccentric who shunned publicity. Veblen is best known to the public as coiner of the term "conspicuous consumption", and known to scholars as one of many social critics of the reform-minded Progressive Era. This is a critical biography, originally published as "The Bard of Savagery". It attempts to unravel the riddles that surround his reputation, and to assess his varied and important contributions to modern social theory.

'Fascination with the economics of Thorstein Veblen is today no less than it was fifty years ago. Many books have been written about his life and ideas. But David Reisman breaks new ground by providing one of the best and most comprehensive explainations of Veblen's thought. Written in a strikingly fresh and lucid style, this work is one of the landmarks of the literature on this great and enduringly relevant economist.' Geoffrey M. Hodgson, University of Hertfordshire, UK 'Considering the inability of conventional economics to comprehend the socio-economic convulsions over the past few years in so many countries, it is surely time to try something else. David Reisman's The Social Economics of Thorstein Veblen thus appears at a most opportune moment. This original analytical study is the best introduction into Veblen's work that I know of, and will, I trust, encourage a renewal of interest in possibly the most unjustly neglected of economists. Reisman's primary contention that there is despite obstacles to comprehension created by Veblen's personal idiosyncrasies and unconventional literary style a Veblen structure of thought, or general system, is fully confirmed by the evidence presented in his book. In this demonstration lies its great merit.' Samuel Hollander, Ben-Gurion University of the Negev, Israel 'Veblen is a notoriously difficult economist to read and understand. He was, however, unequivocal in his scorn for neoclassical economics, whose demise he took pleasure in predicting. In light of the limp excuses offered by the economics profession for its failure to anticipate the current global financial crisis, Reisman's incisive analysis of Veblen's writings suggests that were Veblen alive today, he would be revelling in schadenfreude. This timely book will make uncomfortable reading for neoclassical economists.' Douglas Mair, Heriot-Watt University, UK 'Reisman offers a brilliant distillation of Veblen's jaundiced purview of the social, psychological and pecuniary motivations that have driven man the social animal in his economic life down the ages, from noble savage to predatory barbarian in his ancient, modern, and potential guises. Avoiding hagiography, this book exposes Veblen's exaggerations as well as his compelling institutional insights into the evolution of capitalism and socialism. Reisman's own intellectual sweep in explaining and criticising Veblen demonstrate political economy at its best.' Roger Sandilands, University of Strathclyde, UK 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. Veblen was a fascinating author who deserves to be read for himself. This penetrating new interpretation demonstrates that he also identified a serious threat to property and peace in the form of irresponsible finance and frustrated workmanship. He believed corporate capitalism was at risk from its internal contradictions. This lucid book assesses the logic behind Veblen's stark and apocalyptic vision. The Social Economics of Thorstein Veblen examines all of Veblen's books and articles, revealing that they are closely integrated to form an organic whole. It will prove valuable for scholars and students interested in sociological theory, politics and political economy, history and institutional economics.

A definitive biography of the man who coined the expression "conspicuous consumption". Based on newly released archival sources, this book sets the facts straight on more than 60 years of myths and misinformation concerning the highly regarded economist and sociologist.

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. Veblen demonstrates how Veblen’s education and subsequent involvement in those debates gave rise to his original ideas about the social institutions that enable wealthy Americans—a swarm of economically unproductive “parasites”—to amass vast fortunes on the backs of productive men and women. Today, when great wealth inequalities again command national attention, Camic helps us understand the historical roots and continuing reach of Veblen’s searing analysis of this “sclerosis of the American soul.”

This is a brilliant and unconventional study of one of the most challenging figures in modern social and economic thought. David Riesman has chosen a deliberately personal method of exposition and evaluation, and he is by no means a disciple. He says of Veblen: “I find him more often interesting than attractive, more often pungent than wise.” By approaching Veblen subjectively and in a critical spirit, Riesman has arrived at an estimate of the man that is objective and balanced. Veblen's ideas and attitudes are carefully examined, with particular attention to his conviction that “the instinct of workmanship” was the constructive element in life, and to his fundamental principle of “idle curiosity.” Veblen is seen as a man with a passionate moral sense whose method was irony coupled with research. Riesman makes the interesting point that the author of The Theory of the Leisure Class was episodically a passionate, even revolutionary reformer, in contrast to a career primarily as an intellectual skeptic. Riesman looks behind the ideas, searching for their origins in Veblen's life, with the result that one finishes the book with a genuine sense of the strange man who is its subject. Riesman concludes that Thorstein Veblen is important not so much for his specific contribution to economic thought as for his stance toward the economy and his fellow economists. For us today, Riesman adds, Veblen's great value inheres in his way of seeing. The new introduction by Mestrovic provides an appreciation of Riesman, no less than Veblen. David Riesman is the Henry Ford II Professor Emeritus of Social Sciences at Harvard University. He has also taught at the University of Chicago, and Johns Hopkins University. Among his most important books are The Lonely Crowd; Faces in the Crowd; Individualism Reconsidered; and Constraint and Variety in American Education. His collection, Abundance for What?, confirms his place as the foremost sociologist of education in the modern era. Stjepan G. Mestrovic is a senior social theorist in his own right. He is currently located at Texas A&M University, where he is a professor of sociology.

This carefully crafted ebook: “The Complete Works of Thorstein Veblen” is formatted for your eReader with a functional and detailed table of contents. Thorstein Veblen (1857-1929) was an American economist and sociologist. He is well known as a witty critic of capitalism. Contents: The Theory of the Leisure Class The Theory of Business Enterprise The Instinct of Workmanship and the State of the Industrial Arts Imperial Germany and the Industrial Revolution An Inquiry into the Nature of Peace and the Terms of Its Perpetuation The Higher Learning in America The Vested Interests and the Common Man The Engineers and the Price System The Place of Science in Modern Civilisation The Evolution of the Scientific Point of View Why Is Economics Not an Evolutionary Science? The Preconceptions of Economic Science The Limitations of Marginal Utility Industrial and Pecuniary Employments On the Nature of Capital Some Neglected Points in the Theory of Socialism The Socialist Economics of Karl Marx Panem et Circenses Böhm-Bawerk's Definition of Capital and the Source of Wages The Overproduction Fallacy The Price of Wheat since 1867 Adolph Wagner's New Treatise The Food Supply and the Price of Wheat The Army of the Commonweal The Economic Theory of Women's Dress The Instinct of Workmanship and the Irksomeness of Labor The Beginning of Ownership The Barbarian Status of Women Mr. Cummings's Strictures on "The Theory of the Leisure Class" The Later Railway Combinations Levasseur on Hand and Machine Labor The use of loan credit in modern business Credit and Prices Fisher's Capital and Income The Industrial System and the Captains of Industry The Captains of Finance and the Engineers The Opportunity if Japan The Japanese Lose Hopes for Germany On the General Principles of a Policy of Reconstruction The Passing of National Frontiers Farm Labor for the Period of the War Bolshevism is a Menace to Whom? ….