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Thorstein Veblen
Thorstein Bunde Veblen (; July 30, 1857 – August 3, 1929) was an American Economics, economist and Sociology, sociologist who, during his lifetime, emerged as a well-known Criticism of capitalism, critic of capitalism. In his best-known book, ''The Theory of the Leisure Class'' (1899), Veblen coined the concepts of ''conspicuous consumption'' and ''conspicuous leisure''. Veblen laid the foundation for the perspective of institutional economics. Contemporary economists still theorize Veblen's distinction between "institutions" and "technology", known as the Veblenian dichotomy. As a leading intellectual of the Progressive Era in the US, Veblen attacked production for profit. His emphasis on conspicuous consumption greatly influenced economists who engaged in non-Marxism, Marxist critiques of fascism, capitalism, and technological determinism. Biography Early life and family background Veblen was born on July 30, 1857, in Cato, Wisconsin, Cato, Wisconsin, to Norwegian American ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Veblenian Dichotomy
Thorstein Bunde Veblen (; July 30, 1857 – August 3, 1929) was an American economist and sociologist who, during his lifetime, emerged as a well-known critic of capitalism. In his best-known book, ''The Theory of the Leisure Class'' (1899), Veblen coined the concepts of ''conspicuous consumption'' and '' conspicuous leisure''. Veblen laid the foundation for the perspective of institutional economics. Contemporary economists still theorize Veblen's distinction between "institutions" and "technology", known as the Veblenian dichotomy. As a leading intellectual of the Progressive Era in the US, Veblen attacked production for profit. His emphasis on conspicuous consumption greatly influenced economists who engaged in non-Marxist critiques of fascism, capitalism, and technological determinism. Biography Early life and family background Veblen was born on July 30, 1857, in Cato, Wisconsin, to Norwegian-American immigrant parents, Thomas Veblen and Kari Bunde. He was the sixth o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cato, Wisconsin
Cato is a town in Manitowoc County, Wisconsin, United States. The population was 1,616 at the 2000 census. A Manitowoc County park is located in the town; it is called "Cato Falls" for a waterfall on the Manitowoc River. Communities * Cato is an unincorporated community located at the intersection of US 10 and County Road J (the county road south of US 10 was WIS 148). * Cato Falls is an unincorporated community located north of the Manitowoc River at the intersection of Clark Mills Road and Leist Road. * Clark Mills is an unincorporated community located mostly north of the County Road J/JJ intersection on County Road J. * Grimms is an unincorporated community at the intersection of US 10 and County Road G. North Grimms is located a short distance away on County Road G. * Madsen is an unincorporated community located on County Road S north of the route's intersection at US 151. History A post office called Cato was established in 1870, and remained in operation un ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Edward Bellamy
Edward Bellamy (; March 26, 1850 – May 22, 1898) was an American author, journalist, and political activist most famous for his utopian novel ''Looking Backward''. Bellamy's vision of a harmonious future world inspired the formation of numerous " Nationalist Clubs" dedicated to the propagation of his political ideas. After working as a journalist and writing several novels, Bellamy published ''Looking Backward'' in 1888. It was the third best-selling novel of the 19th century in the United States, and it especially appealed to a generation of intellectuals alienated from the alleged dark side of the Gilded Age. In the early 1890s, Bellamy established a newspaper known as '' The New Nation'' and began to promote united action between the various Nationalist Clubs and the emerging Populist Party. He published '' Equality'', a sequel to ''Looking Backward'', in 1897, and died the following year. Biography Early life Edward Bellamy was born in Chicopee, Massachusetts. His fat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sociology
Sociology is the scientific study of human society that focuses on society, human social behavior, patterns of Interpersonal ties, social relationships, social interaction, and aspects of culture associated with everyday life. The term sociology was coined in the late 18th century to describe the scientific study of society. Regarded as a part of both the social sciences and humanities, sociology uses various methods of Empirical research, empirical investigation and critical analysis to develop a body of knowledge about social order and social change. Sociological subject matter ranges from Microsociology, micro-level analyses of individual interaction and agency (sociology), agency to Macrosociology, macro-level analyses of social systems and social structure. Applied sociological research may be applied directly to social policy and welfare, whereas Theory, theoretical approaches may focus on the understanding of social processes and phenomenology (sociology), phenomenologic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economics
Economics () is a behavioral science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services. Economics focuses on the behaviour and interactions of Agent (economics), economic agents and how economy, economies work. Microeconomics analyses what is viewed as basic elements within economy, economies, including individual agents and market (economics), markets, their interactions, and the outcomes of interactions. Individual agents may include, for example, households, firms, buyers, and sellers. Macroeconomics analyses economies as systems where production, distribution, consumption, savings, and Expenditure, investment expenditure interact; and the factors of production affecting them, such as: Labour (human activity), labour, Capital (economics), capital, Land (economics), land, and Entrepreneurship, enterprise, inflation, economic growth, and public policies that impact gloss ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Random House Webster's Unabridged Dictionary
''Random House Webster's Unabridged Dictionary'' is a large American dictionary, first published in 1966 as ''The Random House Dictionary of the English Language: The Unabridged Edition''. Edited by Editor-in-chief Jess Stein, it contained 315,000 entries in 2256 pages, as well as 2400 illustrations. The CD-ROM version in 1994 also included 120,000 spoken pronunciations. History The Random House publishing company entered the reference book market after World War II. They acquired rights to the ''Century Dictionary'' and the ''Dictionary of American English'', both out of print. Their first dictionary was Clarence Barnhart's ''American College Dictionary'', published in 1947, and based primarily on ''The New Century Dictionary'', an abridgment of the ''Century''. In the late 1950s, it was decided to publish an expansion of the ''American College Dictionary'', which had been modestly updated with each reprinting since its publication. Under editors Jess Stein and Laurence Urdan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Institutional Economics
Institutional economics focuses on understanding the role of the Sociocultural evolution, evolutionary process and the role of institutions in shaping Economy, economic Human behavior, behavior. Its original focus lay in Thorstein Veblen's instinct-oriented dichotomy between technology on the one side and the "ceremonial" sphere of society on the other. Its name and core elements trace back to a 1919 ''American Economic Review'' article by Walton H. Hamilton. Institutional economics emphasizes a broader study of institutions and views markets as a result of the complex interaction of these various institutions (e.g. individuals, firms, states, social norms). The earlier tradition continues today as a leading Heterodox economics, heterodox approach to economics.Warren Samuels, Warren J. Samuels ([1987] 2008). "institutional economics," ''The New Palgrave: A Dictionary of Economics''Abstract. "Traditional" institutionalism rejects the ''reduction'' of institutions to simply tastes, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Conspicuous Leisure
Conspicuous leisure is a concept introduced by the American economist and sociologist Thorstein Veblen in '' The Theory of the Leisure Class'' (1899). Conspicuous or visible leisure is engaged in for the sake of displaying and attaining social status. The concept comprises those forms of leisure that seem to be fully motivated by social factors, such as taking long vacations to exotic places and bringing souvenirs back. Conspicuous leisure is observed in all societies where stratification exists. Conspicuous leisure contributes to the glorification of non-productivity, thus validating the behavior of the most powerful classes and leading the lower classes to admire rather than revile the leisure class. This aids the leisure class in retaining their status and material position. Veblen's more well-known concept of "conspicuous consumption" is employed when non-productivity can be more effectively demonstrated through lavish spending. Veblen argued that conspicuous leisure had ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Conspicuous Consumption
In sociology and in economics, the term conspicuous consumption describes and explains the consumer practice of buying and using goods of a higher quality, price, or in greater quantity than practical. In 1899, the sociologist Thorstein Veblen coined the term ''conspicuous consumption'' to explain the spending of money on and the acquiring of luxury commodities (goods and services) specifically as a public display of economic power—the income and the accumulated wealth—of the buyer. To the conspicuous consumer, the public display of discretionary income is an economic means of either attaining or maintaining a given social status. The development of Veblen's sociology of conspicuous consumption also identified and described other economic behaviours such as invidious consumption, which is the ostentatious consumption of goods, an action meant to provoke the envy of other people; and conspicuous compassion, the ostentatious use of charity meant to enhance the reputatio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Charles Fourier
François Marie Charles Fourier (; ; 7 April 1772 – 10 October 1837) was a French philosopher, an influential early socialist thinker, and one of the founders of utopian socialism. Some of his views, held to be radical in his lifetime, have become mainstream in modern society. For instance, Fourier is credited with having originated the word ''feminism'' in 1837. Fourier's social views and proposals inspired a whole movement of intentional communities. Among them in the United States were the community of Utopia, Ohio; La Reunion near present-day Dallas, Texas; Lake Zurich, Illinois; the North American Phalanx in Red Bank, New Jersey; Brook Farm in West Roxbury, Massachusetts; the Community Place and Sodus Bay Phalanx in New York State; Silkville, Kansas, and several others. In Guise, France, he influenced the . Fourier later inspired a diverse array of revolutionary thinkers and writers. Life Fourier was born in Besançon, France, on 7 April 1772. Serenyi 1967, p. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Henri De Saint-Simon
Claude Henri de Rouvroy, Comte de Saint-Simon (; ; 17 October 1760 – 19 May 1825), better known as Henri de Saint-Simon (), was a French political, economic and socialist theorist and businessman whose thought had a substantial influence on politics, economics, sociology and the philosophy of science. He was a younger relative of the famous memoirist the Duc de Saint-Simon. Saint-Simon created a political and economic ideology known as Saint-Simonianism () that claimed that the needs of an ''industrial class'', which he also referred to as the working class, needed to be recognized and fulfilled to have an effective society and an efficient economy.Keith Taylor (ed, tr.). ''Henri de Saint Simon, 1760–1825: Selected writings on science, industry and social organization''. New York, US: Holmes and Meier Publishers, Inc, 1975. pp. 158–161. Unlike conceptions within industrializing societies of a working class being manual laborers alone, Saint-Simon's late-18th-century conc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
