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Thornstein Veblen as an Economic Theorist
HARVARD UNIV CAMBRIDGE MA
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Thornstein Veblen is known as an iconoclast and critic of theory. It is not generally recognized to what extent he in fact evolved theories of his own, theories which were a development of neoclassical economics and precursor of later developments. This paper sketches his theories of the firm, of cyclical fluctuations, and of economic development.
APPROVED FOR PUBLIC RELEASE