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View Diary: Veblen--a political economist for today (69 comments)

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  •  Veblen in Econ CLass (5+ / 0-)

    While finishing up my BA in Econ, I took a class called "The History of Economic Thought."  The professor was an older guy near retirement.  He would have come through college when Galbraith held some sway, and Keynes.  The syllabus was pretty straightforwardly arranged to show the inevitable evolution of economics from mercantilism to the neoclassical (neoliberal) orthodoxy that took over during the Reagan years.

    When I asked the professor about why Veblan and Galbraith were left out, he remarked that students were always so interested in Veblen and he was not sure what was so fascinating about him.  And that he never did believe that people bought cars with fins just because that is what Ford and GM wanted to make (a swipe at Galbraith, I think).

    I found Theory of the Leisure Class to be quite a delight, and enlightening, to boot.

    Thanks for this diary.

    Participate in life!

    by Justus on Thu Feb 22, 2007 at 05:26:06 PM PST

    •  I got turned on to Veblen (3+ / 0-)
      Recommended by:
      macdust, techno, Justus

      by Galbraith. His TV series The Age of Uncertainty, and the companion book, had quite a lot to say about Veblen. With some excellent photos and other graphics as well.

      -8.38, -7.74 "If no-one out there understands, start your own revolution and cut out the middleman" - Billy Bragg

      by Wreck Smurfy on Thu Feb 22, 2007 at 08:34:31 PM PST

      [ Parent ]

      •  me too (1+ / 0-)
        Recommended by:
        macdust

        JK Galbraith was the man who insisted the farmhouse above be placed on the National Register of Historic Places.  He shot some of the sequences of the BBC series at the farm itself.

        Nothing is fool-proof to a sufficiently talented fool

        by techno on Thu Feb 22, 2007 at 09:01:32 PM PST

        [ Parent ]

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