This study provides a foundation for an understanding of Veblen's economics by displaying its various parts as components of a system, and analyzing and evaluating them. An examination is made of Veblen's views on the subject-matter of economics, his general theory of economic change, his theory of economic change under capitalism, and his prediction of the end of capitalism, under the emergence of a new economic order. It is shown that he constructed a highly general theory economic change that was scientific in character, but that in dealing with capitalism he wrote primarily as a social philosopher and ideologist.

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Volume15, Issue2

April 1977

Pages 213-237

THORSTEIN VEBLEN'S ECONOMIC SYSTEM

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THORSTEIN VEBLEN'S ECONOMIC SYSTEM

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