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Report for the theory of the leisure class - Book Report/Review Example

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Thorstein Bunde Veblen was born on 30th July, 1857. He was the fourth out of 12 children in Veblen family. Veblen began his study at the age of 5 years. Veblen completed his graduation in the year 1884 and remained unemployed for seven years. He was also known as an economist…
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Download file to see previous pages b. There are certain contributions of Veblen towards the study of economies. He re-established economic thoughts of 20th century based on Darwinian philosophies as well as new ideas, which were developing from sociology, anthropology and psychology among other streams of schools. Veblen was the first to explain economic behavior as the socially and the economic organization and as the procedure of ongoing evaluation. He excluded the theories, which were based on activities of individuals or were marked on any aspect related to an inner personal inspiration, because according to him, these types of theories are unrealistic (Veblen 1-53). For providing the information related to the economics, Veblen wrote the book, “The Theory of the Leisure Class”, which is known as one of his best creations. According to Veblen, economic theories are static as well as hedonistic and economists should take the consideration that the behavior of people should be relevant to the social as well as cultural behaviors. In his book, he explained about the prime theme of economics along with sociology. According to Veblen, the economic life of society can be motivated by the organizational as well as cultural methods of the social stratification (Veblen 1-53).
c. There are also certain contributions of Thorstein Veblen towards the society, politics and religion among others. He provides with several astonishing but seemingly simple information related to the society, politics and religion through his writings in The Theory of Leisure Class (1998) and the Theory of Business Enterprise (1904). According to him, by exercising political control, the leisure class retained their high social standards through direct as well as indirect pressures. People should have the knowledge about the social status within their social class too (Veblen 1-53). As he explains, in society, ...Download file to see next pagesRead More
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