Thorstein Veblen and Institutionalism Audiobook By Dr. William Peterson cover art
Thorstein Veblen and Institutionalism Audiobook
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Thorstein Veblen and Institutionalism Audiobook



by Dr. William Peterson

  • Narrated by: Louis Rukeyser
  • Length: 2 hrs and 33 mins
  • Release date: 07-14-06
  • Language: English


Institutionalism is an economic point of view that emphasizes the role of social organization and structure in modern economic life. Thorstein Veblen (1857-1929), an American son of Norwegian immigrants, was instrumental in creating this school of thought in the early twentieth century, and he vigorously attacked what he regarded as the privileged “leisure class” in America.

To institutionalists, the important “institutions” of economic life include customs, habits, morals, and laws. These are believed to be more important in shaping economic life than are marketplace principles. Institutionalists emphasize a historical interpretation of social life, asserting that economic generalizations should be relevant to time and place. Institutionalist ideas greatly influenced economic policies that were created in response to the Great Depression.

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Dr. William Peterson




2 hrs and 33 mins

Narrated by

Louis Rukeyser

Release date



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