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The Making of an Economist Who Unmade Economics

Charles Camic



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Harvard Uni.Press Academi
19 February 2021
General & world history; Social issues & processes; Economics & Business; Economics
A bold new biography of the thinker who demolished accepted economic theories in order to expose how people of economic and social privilege plunder their wealth from society's productive men and women.

Thorstein Veblen was one of America's most penetrating analysts of modern capitalist society. But he was not, as is widely assumed, an outsider to the social world he acidly described. Veblen overturns the long-accepted view that Veblen's ideas, including his insights about conspicuous consumption and the leisure class, derived from his position as a social outsider.

In the hinterlands of America's Midwest, Veblen's schooling coincided with the late nineteenth-century revolution in higher education that occurred under the patronage of the titans of the new industrial age. The resulting educational opportunities carried Veblen from local Carleton College to centers of scholarship at Johns Hopkins, Yale, Cornell, and the University of Chicago, where he studied with leading philosophers, historians, and economists. Afterward, he joined the nation's academic elite as a professional economist, producing his seminal books The Theory of the Leisure Class and The Theory of Business Enterprise. Until late in his career, Veblen was, Charles Camic argues, the consummate academic insider, engaged in debates about wealth distribution raging in the field of economics.

Veblen demonstrates how Veblen's education and subsequent involvement in those debates gave rise to his original ideas about the social institutions that enable wealthy Americans?a swarm of economically unproductive ?parasites??to amass vast fortunes on the backs of productive men and women. Today, when great wealth inequalities again command national attention, Camic helps us understand the historical roots and continuing reach of Veblen's searing analysis of this ?sclerosis of the American soul.?
By:   Charles Camic
Imprint:   Harvard Uni.Press Academi
Country of Publication:   United States
Dimensions:   Height: 235mm,  Width: 156mm, 
ISBN:   9780674659728
ISBN 10:   0674659724
Pages:   504
Publication Date:   19 February 2021
Audience:   Professional and scholarly ,  Undergraduate
Format:   Hardback
Publisher's Status:   Forthcoming

Charles Camic is Lorraine H. Morton Professor of Sociology and a member of the Science in Human Culture Program at Northwestern University. An expert on the sociology of knowledge, he is coeditor of Social Knowledge in the Making.

Reviews for Veblen: The Making of an Economist Who Unmade Economics

Veblen changes our perception of a major figure in American social science, showing that he stood at the heart of the emerging economics discipline. Given the enormous literature on Veblen, by historians, sociologists and economists, that is a remarkable achievement. -- Roger Backhouse, University of Birmingham and Erasmus University Rotterdam Camic's Veblen weaves together narrative, analytic interpretation, and social theory to create a compelling, engaging, and revolutionary account that tells us something new about a familiar and fascinating figure while conveying a powerful sense of melancholy. There is really nothing quite like it. -- George Steinmetz, University of Michigan

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