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

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  • John Battaile Hall

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.

Suggested Citation

  • John Battaile Hall, 2025. "Thorstein Veblen: The independent thinker whose contributions advanced a distinct tradition of heterodox economics," Brazilian Journal of Political Economy, Center of Political Economy, vol. 45(3), pages 588-618.
    • Handle: RePEc:ekm:repojs:v:45:y:2025:i:3:p:588-618:id:2522
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    File URL: https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/2522/2450
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    More about this item

    Keywords

    Charles Camic; Thorstein Veblen; Joseph Dorfman; Robert Heilbroner; Original Institutional Economics;
    All these keywords.

    JEL classification:

    • B15 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Historical; Institutional; Evolutionary
    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology

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