Thorstein Veblen: Economics for an Age of Crises

doi:10.7135/UPO9780857289223

After his death Thorstein Veblen was hailed as �America�s Darwin and Marx� and is normally portrayed as the perennial iconoclast. He severely criticised traditional economics and attempted to create an alternative approach based on a much more complex view of human beings. He is one of the most celebrated economists of our age and has been the inspiration for many books; the predatory version of capitalism we now again experience, the phenomenon of studying cultures of consumption and the darker sides of gilded ages can be traced back to Veblen. A conference in Veblen�s ancestral Norway marked the 150th anniversary of his birth. The aim of the conference was to consolidate Veblen scholarship and evaluate his relevance for the problems of today. This collection offers the results of that endeavour; it is a milestone of Vebleniana which assesses all the most salient aspects of his life and influence. Many of its contributors also push into uncharted territory, examining the man and his work from new and necessary perspectives hitherto ignored by scholarship.

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Contents

Frontmatter
pp i-vi
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Contents
pp vii-viii
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Acknowledgements
pp ix-x
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List of Contributors
pp xi-xii
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1 - Introduction
pp 1-16
- By Erik S. Reinert, The Other Canon Foundation in Norway; Tallinn University of Technology, Estonia, Francesca Lidia Viano, Harvard University
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2 - Veblen's Contexts: Valdres, Norway and Europe; Filiations of Economics; and Economics for an Age of Crises
pp 17-50
- By Erik S. Reinert, The Other Canon Foundation in Norway; Tallinn University of Technology, Estonia
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Part One - Norwegian Origins and Personal Life
pp 51-52
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3 - Explaining Veblen by his Norwegian Background: A Sketch
pp 53-66
- By Kåre Lunden, University of Oslo
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4 - Valdres to the Upper Midwest: The Norwegian Background of the Veblen Family and their Migration to the United States
pp 67-88
- By Terje Mikael Hasle Joranger, University of Oslo
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5 - New Perspectives on Thorstein Veblen, the Norwegian
pp 89-98
- By Knut Odner, Norwegian archeologist and anthropologist who taught at the universities of Bergen and Oslo
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6 - The Physical World of Thorstein Veblen: Washington Island and Other Intimate Spaces
pp 99-130
- By Russell H. Bartley, University of Wisconsin-Milwaukee, Sylvia Erickson Bartley
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Part Two - American Education
pp 131-132
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7 - Ithaca Transfer: Veblen and the Historical Profession
pp 133-172
- By Francesca Lidia Viano, Harvard University
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8 - Schooling for Heterodoxy: On the Foundations of Thorstein Veblen's Institutional Economics
pp 173-202
- By Charles Camic, Northwestern University
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Part Three - Veblen's Politics
pp 203-204
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9 - Thorstein Veblen and the Politics of Predatory Power
pp 205-238
- By Sidney Plotkin, Vassar College
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10 - Veblen, War and Peace
pp 239-256
- By Stephen Edgell, University of Salford, UK
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11 - Veblen's ‘Higher Learning': The Scientist as Sisyphus in the Iron Cage of a University
pp 257-280
- By Eyüp Özveren, Middle East Technical University in Ankara, Turkey
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Part Four - Veblen's Economics
pp 281-282
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12 - Thorstein Veblen: The Father of Evolutionary and Institutional Economics
pp 283-296
- By Geoffrey M. Hodgson, University of Hertfordshire, UK
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13 - Veblen's Words Weighed
pp 297-302
- By Paul Burkander, Michigan State University
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14 - The Great Crash of 2007 Viewed through the Perspective of Veblen's Theory of Business Enterprise, Keynes's Monetary Theory of Production and Minsky's Financial Instability Hypothesis
pp 303-316
- By L. Randall Wray, University of Missouri-Kansas City
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15 - Predation from Veblen until Now: Remarks to the Veblen Sesquicentennial Conference
pp 317-328
- By James K. Galbraith, Lyndon B. Johnson School of Public Affairs, University of Texas in Austin
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16 - Capitalising Expectations: Veblen on Consumption, Crises and the Utility of Waste
pp 329-352
- By Sophus A. Reinert, Business, Government and International Economy Unit at Harvard Business School, Francesca Lidia Viano, Harvard University
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17 - Thorstein Veblen: Still Misunderstood, but More Important Now than Ever
pp 353-360
- By Robert H. Frank, Johnson Graduate School of Management, Cornell University
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Name Index
pp 361-366
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Subject Index
pp 367-380
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Thorstein Veblen

Economics for an Age of Crises

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