Abstract

FIGUERAS, Alberto José  and  MORERO, Hernán Alejandro. CONSUMPTION AND CYCLES' THEORY IN THORSTEIN VEBLEN. Rev.econ.inst. [online]. 2013, vol.15, n.28, pp.159-182. ISSN 0124-5996.

Thorstein Veblen (1857-1929) is one of the founders of American institutional economics. This paper aims to make a presentation of his theory of consumption and his theory of business cycles and crises, through an analytical reading of his works: The Theory of the Leisure Class and The Theory of Business Enterprise. In order to complete this analysis, we also make a general presentation of the author's thought and a brief systematization of his critique of orthodox economic thought.

Keywords : Thorstein Veblen; institutionalism; consumption; economic cycles; leisure class; business enterprise.

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