Consumption, Veblen and Teleology

Alexandru Trifu ()
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Alexandru Trifu: Petre Andrei University of Iasi, Romania

Moldavian Journal for Education and Social Psychology, 2022, vol. 6, issue 1, 54-62

Abstract: In fact, this paper is following to present the work of Thorstein Bunde Veblen unifying the two other terms, as an early brick to the economic theory, influencing the becoming of the economic theory and practice. Starting from Veblen’s key idea and special approach of teleology, in economics particularly, we’ve chosen as example of a final and determined thing/aspect the act of consumption. That is in the Veblenian sense, of conspicuous consumption, and the consumption as general human and economic activity. Using synthesis of all theoretical and practical sources, the result of the paper is that one of consumption, even luxury, which takes into account the constraints of nowadays phenomena and activities around the world. Furthermore, the economic theory must be tacticized, based exactly on these challenges and influences both from interior of economic and social systems and from the external environment.

Keywords: Veblen; teleology; economic goods; consumption; tactics (search for similar items in EconPapers)
JEL-codes: I2 I3 Y3 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:lum:mjespj:v:6:y:2022:i:1:p:54-62

DOI: 10.18662/mjesp/6.1/38

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