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With its wry portrayal of a shallow, materialistic 'leisure class' obsessed by clothes, cars, consumer goods and climbing the social ladder, this withering satire on modern capitalism is as pertinent today as it was when it was written over a century ago.
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Thorstein Veblen (1857–1929) was an American economist and sociologist. He was educated at Carleton College, Johns Hopkins University, and Yale University. His most famous work, The Theory of the Leisure Class (1899), is a satiric look at American society. Veblen coined the widely used phrases "conspicuous consumption" and "pecuniary emulation."
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