Thorstein Veblen (1857–1929) was an American economist and sociologist, renowned for his incisive critiques of capitalist society. He is most famously associated with the term 'conspicuous consumption,' which he introduced in his seminal work, 'The Theory of the Leisure Class' (1899). Veblen's writings reflect a deep skepticism of traditional economic theories and an unorthodox approach to economi...