This author of The Theory of Business Enterprise cited the potlatch custom in another work as an example of frivolous spending to achieve social status.
He argued that classical economics focused on artificial equilibriums in "Why is Economics not an Evolutionary Science?" and claimed that Bismarck's autocracy gave Prussia a technical advantage in "Imperial Germany and the Industrial Revolution." He postulated a tech-savvy class in conflict with the business elite in The Engineers and the Price System and criticized colleges run by businessmen in The Higher Learning in America. This author of The Theory of Business Enterprise cited the potlatch custom in another work as an example of frivolous spending to achieve social status. FTP, name this economist who postulated "conspicuous consumption" in The Theory of the Leisure Class.
He argued that classical economics focused on artificial equilibriums in "Why is Economics not an Evolutionary Science?" and claimed that Bismarck's autocracy gave Prussia a technical advantage in "Imperial Germany and the Industrial Revolution."
Thorstein Bunde Veblen or Tosten Bunde Veblen