Thorstein Veblen
Thorstein Bunde Veblen, born Torsten Bunde Veblen (July 30, 1857 – August 3, 1929), was an American economist and sociologist, and a leader of the institutional economics movement. Besides his technical work he was a popular and witty critic of capitalism, as shown by his best known book The Theory of the Leisure Class (1899).
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“The basis on which good repute in any highly organized industrial community ultimately rests is pecuniary strength; and the means of showing pecuniary strength, and so of gaining or retaining a good name, are leisure and a conspicuous consumption of goods.”
—Thorstein Veblen (1857–1929)