This man prefigured Tobin
This man prefigured Tobin's Q model by linking stock market valuation to aggregate investment in the economy. He attempted to explain U.S business after World War I and before the Great Depression in Absentee Ownership. He promoted technocracy in The Engineers and the Price System, and his namesake set of luxury goods increases in price with demand. One of his works pioneers the idea of "conspicuous consumption". For 10 points, name this Norwegian-American economist who wrote The Theory of Business Enterprise and The Theory of the Leisure Class.
This man prefigured Tobin's Q model by linking stock market valuation to aggregate investment in the economy.
Thorstein Veblen