The Theory of the Leisure Class; an Economic Study of Institutions (1934)
The collapse of orthodox economic doctrine during the years of the world depression has vindicated the keenly analytic and prophetic writings of Thorstein. The new point of view and method elaborated by him riddled the whole structure of economics as a pseudo-social science and created instead an entirely original set of economic categories, based on changing industrial conditions rather than an inflexible system formulated from so-called eternal principles.
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- 07 Oct 2010
- Morrisville, NC, United States