In one work, he wrote that, "With the exception of the instinct of self-preservation, the propensity for emulation is probably the strongest and most alert and persistent of the economic motives proper."
This thinker argued that too much of human propensity was wasted on inefficient institutions in The Instinct of Workmanship and the State of the Industrial Arts. This thinker expanded on the incompatibility of the modern industrial process and the irrational means of finance in The Theory of Business Enterprise. In one work, he wrote that, "With the exception of the instinct of self-preservation, the propensity for emulation is probably the strongest and most alert and persistent of the economic motives proper." For 10 points, name this American economist who coined the phrases pecuniary emulation and conspicuous consumption in The Theory of the Leisure Class.
This thinker argued that too much of human propensity was wasted on inefficient institutions in The Instinct of Workmanship and the State of the Industrial Arts.
Thorstein Bunde Veblen