: SAGE: Thorstein Bunde Veblen

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Thorstein Bunde Veblen

Thorstein Bunde Veblen, born in the United States (where he lived and worked all his life) to Norwegian immigrant parents, held faculty posts at Chicago, Stanford, and Missouri universities. He was best known for coining the terms conspicuous consumption and leisure class, as a founder of institutional economics and evolutionary economics, and for his satirical, polemic style of writing. [Source: Encyclopedia of Consumer Culture; Veblen, Thorstein Bunde]

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