"Thorstein Bunde Veblen" was an American economist and sociologist, and leader of the institutional economics movement. Veblen is credited for the main technical principle used by institutional economists, known as the Veblenian dichotomy. It is a distinction between what Veblen called "institutions" and "technology". Besides his technical work, Veblen was a popular and witty critic of capitalism, as illustrated by his best-known book The Theory of the Leisure Class (1899).If you enjoy these quotes, be sure to check out other famous economists! More Thorstein Veblen on Wikipedia.