# Thorstein Veblen
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Thorstein Bunde Veblen (30 July 1857 – 3 August 1929) was an American economist and sociologist, who during his lifetime emerged as a well-known critic of capitalism.
In his best-known book, The Theory of the Leisure Class (1899), Veblen coined the concept of conspicuous consumption and conspicuous leisure. Historians of economics regard Veblen as the founding father of the institutional economics school.
Ep 39: Bond Yields and the Feds; Musk Loses Lawsuit; Altman's Open AI; Rubio, the Jock?
On the cusp of Musk losing his lawsuit against Altman, or the Battle of the Stupid Titans, Linda takes a deep dive into Altman's charm, his hypocrisy, and why we should all be worried. Bill explains why the increase in bond yields means Trump will not get the lower interest rates he devoutly wishes…
Ideology Is Conspicuous Consumption
Thorstein Veblen tells us how elites display their superiority by showing off their cultivated taste and skill, which in turn displays their economic power, and ultimately their capacity for violence. Veblen was very upset by this. But you don’t have to be.
0:00 - Intro
4:40 - The structural purpo…
The Macro Legend Who Still Trusts Markets More Than Technocrats | Barry C Knapp
Before you read or listen to this absolute masterclass with Barry C Knapp, I encourage you to share, restack, and subscribe to Barry C. Knapp’s research through Ironsides Macro and follow his work on Substack for institutional-quality macro strategy made accessible to sophisticated individual inves…
Challenge of Waste - Stuart Chase
"The Challenge of Waste" by Stuart Chase delves into the inefficiencies of the competitive market system, offering a critical perspective influenced by Thorstein Veblen. The book highlights the planning efforts during World War I, particularly by the Fuel Administration and other governmental agenc…
class, conspicuous consumption, and our contradictions
This week, we moved from the spiritual to the material plane. I’m so grateful for the open minds who sit with these concepts each Sunday morning, and for the kind feedback.
Listeners online, thank you for tuning in – and a new essay and announcement is coming out next week :)
Timestamps
00:00 land…
Challenge of Waste - Stuart Chase
"The Challenge of Waste" by Stuart Chase delves into the inefficiencies of the competitive market system, offering a critical perspective influenced by Thorstein Veblen. The book highlights the planning efforts during World War I, particularly by the Fuel Administration and other governmental agenc…
Classical liberals and Know-Nothings on higher learning with James Chandler
References and suggested readings:
James Chandler. 2026. The Know-Nothing Campaign Against Higher Learning. Prickly Paradigm Press.
Robert Mackey. April 18, 2026. Trump’s antipathy for Pope may have roots in childhood Protestant church. The Guardian.
Alexis de Tocqueville. Democracy in America.
W…
Hood Rich Vs Good Rich: Real Wealth And How To Buy Back Your Time
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A matte-black “Batman” SUV pulls up beside a beat-up Civic at a red light and your brain instantly runs the wrong math. We’re conditioned to treat luxury as proof of security, but the loudest lifestyle can be the most fragile. I’m Corey Kennard, and I’m making the case for silent w…
The Secret History of Old Money and Dark Academia
In this episode of Awkward Etiquette: Old Money and New Manners, Auntie Kiki explores dark academia beyond its familiar aesthetic of candlelit libraries, tweed jackets, ancient universities, and classical books. She traces its roots in elite education, aristocratic leisure, boarding-school culture,…
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