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Thorstein Veblen as Economic Theorist

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  • W. SAMUELS.

Abstract

The article considers the Veblen’s legacy from the point of view of its theoretical status. In this connection the author investigates the nature of theory as such, analyzes neoclassical school as theory, compares Veblen’s ideas with neoclassical conceptions, in particular showing the influence of these ideas on F. Knight. The article displays and systematizes the main directions of Veblen’s research and shows that if a certain concept of the theory as such is adopted, then these lines of research should be treated as theories no less than the works of neoclassic economists.

Suggested Citation

  • W. Samuels., 2007. "Thorstein Veblen as Economic Theorist," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 7.
  • Handle: RePEc:nos:voprec:2007-07-7
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