Fundaments of institutionalism in Thorstein Veblen’s social theory doi: 10.5007/2175-7984.2010v9n17p289
DOI:
https://doi.org/10.5007/%25xAbstract
The text highlights the central terms present in the work of the American economist-sociologist Thorstein Veblen (1857-1929), pointing to the scope and limits of his explanatory concepts. We look at terms such as instinct, habits of life and thought which support his argument and enable us to get a clearer picture of his theoretical effort to build a model of analysis for understanding the social and economic dynamics of the Second Industrial Revolution, also meant to counter the neoclassical economics of his time. The salient feature of his work is its multidisciplinary character - typical of the social sciences- which has served as the basis for an approach that came to be known as Veblenian institutionalism.
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