Abstract
This article outlines the work of the American institutional economist Thorstein Veblen (1857–1929), stressing his critique of neoclassical economics and his development of an alternative, evolutionary approach to the analysis of social, economic and technological change. Veblen’s analytical approach to both technology and institutions is discussed, as well as his explicit application of the evolutionary ideas from Darwinian biology to economics.
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Hodgson, G.M. (2018). Veblen, Thorstein Bunde (1857–1929). In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_1855
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DOI: https://doi.org/10.1057/978-1-349-95189-5_1855
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Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-95188-8
Online ISBN: 978-1-349-95189-5
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