He coined the phrase penalty of taking the lead in a 1915 work, Imperial Germany and the Industrial Revolution.
He coined the phrase penalty of taking the lead in a 1915 work, Imperial Germany and the Industrial Revolution. He asserted that the machine process surpassed the titular entity as industries standardize and drive for precision in The Theory of Business Enterprise. His best known work contains a noted section on fur trade, explains the subjugation of women and the growth of sports with the titular concept, and dismisses both religion and etiquette as forms of conspicuous consumption. For 10 points, identify this Norwegian-American economist and author of The Theory of the Leisure Class.
He coined the phrase penalty of taking the lead in a 1915 work, Imperial Germany and the Industrial Revolution.
Thorstein Bunde Veblen [or Tosten Bunde Veblen]