2007•Voprosy EkonomikiRequires access

Thorstein Veblen: A View from the 21st Century

Рустем Махмутович Нуреев

Abstract

The article provides a description of T. Veblen’s views, showing his place in the history of economic thought. The author analyzes the context of Veblen’s life and work and considers different aspects of his theoretical legacy. Special attention is paid to the discussion of Veblen’s role in the development of institutional economics. The author describes in detail the main trends in the development of institutionalism after Veblen.

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Key concepts: Veblen good, Institutional economics, Institutionalism, Neoclassical economics, Context (archaeology), Positive economics, Sociology, Economics