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1975•The American EconomistRequires access

Thorstein Veblen as an Economic Theorist

Kenneth J. Arrow

Open publisher page 26 citations

Abstract

Abstract : Thornstein Veblen is known as an iconoclast and critic of theory. It is not generally recognized to what extent he in fact evolved theories of his own, theories which were a development of neoclassical economics and precursor of later developments. This paper sketches his theories of the firm, of cyclical fluctuations, and of economic development.

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Abstract : Thornstein Veblen is known as an iconoclast and critic of theory. It is not generally recognized to what extent he in fact evolved theories of his own, theories which were a development of neoclassical economics and precursor of later developments. This paper sketches his theories of the firm, of cyclical fluctuations, and of economic development.

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Available abstract

Abstract : Thornstein Veblen is known as an iconoclast and critic of theory. It is not generally recognized to what extent he in fact evolved theories of his own, theories which were a development of neoclassical economics and precursor of later developments. This paper sketches his theories of the firm, of cyclical fluctuations, and of economic development.

Key concepts: Veblen good, Neoclassical economics, Economics, Positive economics, Institutional economics

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