He advocated technocracy in 1921's The Engineers and the Price System, claimed that war is caused by the competition among national business interests, and founded institutional economics.
His articles for The Dial were collected in The Vested Interests and the Common Man. The inefficiency of business institutions was the focus of his The Instinct of Workmanship, and he looked at the bright side of autocracy in Imperial Germany and the Industrial Revolution. He advocated technocracy in 1921's The Engineers and the Price System, claimed that war is caused by the competition among national business interests, and founded institutional economics. For 10 points, identify this American who formulated the concepts of "pecuniary emulation" and "conspicuous consumption" in The Theory of the Leisure Class.
His articles for The Dial were collected in The Vested Interests and the Common Man.
Thorstein Bunde {Veblen}