John Adams, Thorstein Veblen, and the Social Foundations of the Economy
John Adams, the second president of the United States, and Thorstein Veblen are two of the nation's most original social thinkers. Although there is no evidence of any direct link between the two, they share common views of economic affairs. They believed that consumption was driven by emulation and status rivalry, a notion perfectly captured in Veblen's most memorable phrase, "conspicuous consumption." Adams and Veblen saw the economy as embedded in a constantly evolving social, legal, and political matrix. They harbored doubts about the social and moral consequences of financial capitalism, as contrasted with their admiration for directly productive agriculture, crafts, and industry. Their shared holism, and a derivative emphasis on property and power relationships, sharply distinguishes their viewpoint from that of modern economic science, but allies them with American and European institutionalists.
Volume (Year): 23 (1997)
Issue (Month): 4 (Fall)
|Contact details of provider:|| Postal: c/o Dr. Alexandre Olbrecht, The Anisfield School of Business 205, Ramapo College, 505 Ramapo Valley Road, Ramapo, New Jersey 07430, USA|
Phone: (201) 684-7346
Web page: https://www.quinnipiac.edu/eea/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:eej:eeconj:v:23:y:1997:i:4:p:379-394. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Victor Matheson, College of the Holy Cross)
If references are entirely missing, you can add them using this form.