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If scientific reasoning were limited to the logical processes of arithmetic, we should not get very far in our understanding of the physical world. One might as well attempt to grasp the game of poker entirely by the use of the mathematics of probability.

Monday
Jul 14, 2025

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About Thorstein Bunde Veblen

Thorstein Bunde Veblen

Thorstein Bunde Veblen

Thorstein Bunde Veblen (born Tosten Bunde Veblen July 30, 1857 - August 3, 1929) was a Norwegian-American sociologist and economist and a founder, along with John R. Commons, of the Institutional economics movement. He was an impassioned critic of the performance of the American economy, and is most famous for his book The Theory of the Leisure Class (1899).

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