Originally published in 1908, this is a work by Thorstein Veblen, an American economist and sociologist. It is an article written for the Political Science Quarterly publication on the subject of Irving Fisher's book 'The Nature of Capital and Income'. We are republishing this work with a brand new introductory biography of the author with the aim of placing it in the context of his other writings and achievements.
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Thorstein Veblen (1857-1929) was perhaps the most famous American economist and social critic of his time. He taught at the universities of Chicago and Missouri, Stanford University, and the New School for Social Research. His many books include The Theory of Business Enterprise, The Higher Learning in America, and The Theory of the Leisure Class, all available from Transaction.
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