Changes

In Veblen's worldview, both private property and the nation-state were institutions that not only obstructed technological advance but in modern times also threatened mankind with reversion to a second Dark Ages. Veblen was a socialist in believing that a modern industrial economy requires unified, public control. But his skepticism of political authority made him more of an anarchist who rejected notionof of party discipline.

In Veblen's worldview, both private property and the nation-state were institutions that not only obstructed technological advance but in modern times also threatened mankind with reversion to a second Dark Ages. Veblen was a socialist in believing that a modern industrial economy requires unified, public control. But his skepticism of political authority made him more of an anarchist who rejected notionof of party discipline.

Much of Veblen's influence was due to his inimitable literary style. He made such phrases as "conspicuous consumption" and "cultural lag" a part of the common vocabulary. [[Wesley Clair Mitchell]], Walton Hamilton, and [[Stuart Chase]] were among the economists who considered themselves Veblen's disciples. His influence reached its peak during the [[New Deal]], through such policy makers as [[Rexford Guy Tugwell]], [[Jerome Frank]] and [[Leon Jopsephson]].  His witty critiques of capitalism gained their humor as he pretended to be an anthropologist studying a strange society, an approach that influenced [[Sinclair Lewis]]' novel ''Babbitt'' (1922), Robert and Helen Lynd's social anthropology of ''Middletown'' (1929), and later inspired [[John Kenneth Galbraith]].<ref> Clare Virginia Eby, "Babbitt as Veblenian Critique of Manliness." ''American Studies'' 1993 34(2): 5-23. Issn: 0026-3079 </ref>

Much of Veblen's influence was due to his inimitable literary style. He made such phrases as "conspicuous consumption" and "cultural lag" a part of the common vocabulary. [[Wesley Clair Mitchell]], Walton Hamilton, and [[Stuart Chase]] were among the economists who considered themselves Veblen's disciples. His influence reached its peak during the [[New Deal]], through such policy makers as [[Rexford Guy Tugwell]], [[Jerome Frank]] and [[Leon Henderson]].  His witty critiques of capitalism gained their humor as he pretended to be an anthropologist studying a strange society, an approach that influenced [[Sinclair Lewis]]' novel ''Babbitt'' (1922), Robert and Helen Lynd's social anthropology of ''Middletown'' (1929), and later inspired [[John Kenneth Galbraith]].<ref> Clare Virginia Eby, "Babbitt as Veblenian Critique of Manliness." ''American Studies'' 1993 34(2): 5-23. Issn: 0026-3079 </ref>

==Criticism==

==Criticism==