Thorstein Veblen: The independent thinker whose contributions advanced a distinct tradition of heterodox economics

John Battaile Hall ()

Brazilian Journal of Political Economy, 2025, vol. 45, issue 3, 588-618

Abstract: Challenging Charles Camic’s perspective, this article argues that Thorstein Veblen’stime at the top amounted to about nineteen years; a fraction of his professional career.While drawing from and building upon challenges associable with a changing world whichhe faced – related to the ending of Laissez-faire and the rise of big business; the institutionsinitiated for prosecuting World War I; and the accompanying rise of the vested interests – Veblen’swritings effectively and propitiously provided a solid foundation for an Americanschool of heterodox thought known as Original Institutional Economics. JEL Classification: B15; B31; B41.

Keywords: Charles Camic; Thorstein Veblen; Joseph Dorfman; Robert Heilbroner; Original Institutional Economics (search for similar items in EconPapers)
Date: 2025
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