Thorstein Veblen and Institutionalism: Social Institutions Gain New Significance in Economics Audiobook, by William Peterson Play Audiobook Sample

Download Thorstein Veblen and Institutionalism: Social Institutions Gain New Significance in Economics Audiobook

Thorstein Veblen and Institutionalism: Social Institutions Gain New Significance in Economics Audiobook, by William Peterson Play Audiobook Sample
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Author: William Peterson Narrator: Louis Rukeyser Publisher: Knowledge Products Audio Length: Series:The Great Economic Thinkers Series Release Date: April 2006 Format: Unabridged Audiobook Delivery: Instant Download ISBN: 9781481538794

Publisher Description

Institutionalism is an economic point of view that emphasizes the role of social organization and structure in modern economic life. Thorstein Veblen (1857–1929), an American son of Norwegian immigrants, was instrumental in creating this school of thought in the early twentieth century, and he vigorously attacked what he regarded as the privileged “leisure class” in America.

To institutionalists, the important “institutions” of economic life include customs, habits, morals, and laws. These are believed to be more important in shaping economic life than are marketplace principles. Institutionalists emphasize a historical interpretation of social life, asserting that economic generalizations should be relevant to time and place. Institutionalist ideas greatly influenced economic policies that were created in response to the Great Depression.

The Great Economic Thinkers series is a collection of presentations that explain, in understandable language, the major ideas of history’s most important economists. Special emphasis is placed on each thinker’s attitude toward capitalism, revealing their influence in today’s debate on economic progress and prosperity.

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About the Narrator

Louis Rukeyser (1933–2006), narrator of the Great Economic Thinkers and the Secrets of the Great Investors series, was recognized as America’s most popular economic commentator. He was known and admired for his ability to discuss economics in a lively and insightful way.