(ECONOMICS) Veblen Thorstein The Theory of the Leisure Class

Sale 2355 - Lot 76

Price Realized: $ 1,088

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Estimate: $ 1,500 - $ 2,500

(ECONOMICS.) Veblen, Thorstein. The Theory of the Leisure Class. viii, 400, [4] pages, including half-title and final ad leaf and blank. 8vo, 193x130 mm, original green cloth, slightly cocked, small light spot on spine, spine ends and front joint lightly rubbed; marginal fingersoiling on title and scattered other leaves, inscription erased from front free endpaper; cloth folding case. New York: Macmillan Company, 1899

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first edition of Veblen's classic critique of the leisure class in American society, introducing the concept of conspicuous consumption. "Veblen was concerned to reveal the predatory, parasitic economic role and the negative social psychology of the leisure class . . . Over time the analysis presented in the book gave impetus to the rise of 'institutional economics,' a main branch of economics that studies economic phenomena in the light of organized patterns of social behavior" (DLB).