Thorstein Veblen Quotes


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5th Earl of Rosebery. At this point in history, America was growing rapidly, but had not yet become a dominant superpower. Rosebery was prescient enough to realize that although England was the great superpower of the time, the very conservative values were holding the nation back. He saw America as the model, even when England was still the dominant empire in the world.


The Republicans had been badly beaten in the 2012 Presidential Election. Many attributed the loss to the dissatisfaction of the electorate with the Republican ideas which had become more and more conservative in recent decades. Others, like Rubio, wanted to maintain the existing ideas which were very different from the Republican ideas earlier when they won more elections.


Thorstein Veblen
Thorstein Veblen
  • Born: July 30, 1857
  • Died: August 3, 1929
  • Nationality: American
  • Profession: Economist

Thorstein Bunde Veblen was an American economist and sociologist, who during his lifetime emerged as a well-known critic of capitalism.