What did Veblen attack in his critiques?
Education
Government
Production for profit
Media censorship
Answer
Thorstein Veblen, an American economist, criticized production for profit in his book Theory of the Leisure Class. He believed that the profit motive led to a focus on conspicuous consumption and status symbols, which he argued were a waste of resources. Veblen believed that a more rational and efficient economic system would be one that focused on production for use, rather than production for profit.
The Veblen Vibrancy: A Quiz on Thorstein Veblen's Life and Ideas
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