Thorstein Veblen
Thorstein Bunde Veblen (July 30, 1857 - August 3, 1929) was an American economist and sociologist. Educated at Carleton College, Johns Hopkins University and Yale University, his most famous work, The Theory of the Leisure Class (1899) is a biting satire directed at the leisure class.He coined the widely used phrases "conspicuous consumption" and "pecuniary emulation".
Veblen made his home in Nerstrand, Minnesota. Veblen's ideas inspired Technocracy, Inc.
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