Synopsis
Thorstein Bunde Veblen (1857-1929) was a Norwegian- American sociologist and economist and a founder of the Institutional economics movement. He was an impassioned critic of the performance of the American economy, and is most famous for his book The Theory of the Leisure Class (1899). He obtained his B. A. in Economics at Carleton College in 1880. In 1892, he became a professor at the newly opened University of Chicago, simultaneously serving as managing editor of the Journal of Political Economy. Veblen developed a 20th century evolutionary economics based upon the new ideas emerging from anthropology, sociology, and psychology. He described economic behaviour as socially rather than individually determined and saw economic organisation as a process of ongoing evolution. He wanted economists to grasp the effects of social and cultural change on economic changes. Amongst his other works are The Theory of Business Enterprise (1904), The Instinct of Workmanship (1914) and The Higher Learning in America (1918).
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From the Back Cover
At the time of its initial publication in 1904, The Higher Learning in America was known in educated circles as the most reflective study ever made of the university system in America.
Veblen's evaluation of the misleading notions and erroneous beliefs were inherent in "the higher learning" was received as fair by most academics. As a result, many believed he paved the way to an improved age in college education.
Just as applicable today as they were decades ago, his sophisticated style remains deprecatingly amusing; his biting critique just as disquieting as it was at the turn of the 19th century.
The Higher Learning in America remains a penetrating book by one of America's greatest social critics.
About the Author
One of the most influential social scientists of the late nineteenth and early twentieth century, Thorstein Veblen (1857–1929) wrote numerous books, including The Theory of the Leisure Class: An Economic Study in the Evolution of Institutions and The Instinct of Workmanship: And the State of the Industrial Arts. Richard F. Teichgraeber III is a professor of history at Tulane University. He is the author of Building Culture: Studies in the Intellectual History of Industrializing America, 1867–1910 and Sublime Thoughts/Penny Wisdom: Situating Emerson and Thoreau in the American Market.
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