The Theory of the Leisure Class

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The Theory of the Leisure Class

By: Lori Williamson | Item of the Day | March 1, 2018

On this day in 1899, The Theory of the Leisure Class: An Economic Study of Institutions by Thorstein Veblen was published. A graduate of Carleton College, Veblen earned recognition as a dynamic economist and social theorist, and his book remains influential today. It was Veblen who coined the phrase “conspicuous consumption.”