Word: thorstein
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Dates: during 1990-1999
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Forget Wall Street. More than 75 years ago, a Stanford University economist named Thorstein Veblen predicted that one day, engineers would be the true masters of the financial universe. It's technology that drives the economy, he argued, and since engineers create the stuff, it'll only be a matter of time before they come to their senses, seize power and undercut the venture capitalists and corporate bigwigs who make so much dough from other people's brilliant ideas. Veblen was right, it turns out. And though they never met, the man who would lead the revolution was a more...
Certification is important. Thorstein Veblen wrote in The Theory of the Leisure Class that the main challenge facing wealthy people is displaying--thus demonstrating the existence of--their wealth. In Veblen's day they did it by "conspicuous leisure"--not working. But today there is no prestige in not working. The fashion is for rich people to keep working very hard. Veblen's other suggestion was "conspicuous consumption"--spending a lot. But in the 1990s many folks have become rich beyond the practical ability to show it off by spending. The richest man in America has built a house that...
After a long round-robin session, only four men's foilers remained. Chang faced off against St. John's Brian Moroney in the semifinals and defeated him, 15-5. However, he couldn't do the same against Wayne State's Thorstein Becker in the finals, falling by a 15-2 count...
...Monastic Poetry." But the artfart never misses an opportunity to mention how hard he or she is working, and what difficult, pressing work it is. Although most members of this species subscribe to near-socialistic liberalism, that doesn't stop them from leading a lifestyle prodigal enough to make Thorstein Veblen blush...
...economics -- and earned a law degree from Yale. Despite * his decade of teaching at Harvard's Kennedy School of Government, Reich is not a tenured professor; nor, friends say, has he sought that title. With characteristic wit, he pens some of his correspondence under a letterhead proclaiming himself the "Thorstein Veblen Wizard of Political Economy." To the criticism that few of the insights in his books are original, friends say Reich considers synthesis as important as discovery. As he once wrote in another context, "Often, greater rewards flow to quick and clever followers than to brilliant and original inventors...