Word: thorstein
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...This tension between the goals of the university as a business and the university as a place for education and research is nothing new. Indeed, Thorstein Veblen described the university in 1957 as “a compromise between the scholar’s ideals and those of business, in such a way that the ideals of scholarship are yielding ground...before the pressure of businesslike exigencies...
...Unlike some protesters in the audience who were just rude and childish, Rohe was respectful. And saying that McCain didn't reflect the values of The New School seems undebatable. The school was founded in 1919 by philosopher John Dewey, historian Charles Beard and social commentator Thorstein Veblen, all of whom were deeply disillusioned by World War I and gave the school a pacifist streak that seems hopelessly naive in retrospect. Beard, best known as co-author with his wife, Mary, of An Economic Interpretation of the Constitution, which argued that the founders were operating more out of monetary self...
...named Erik the Red. Erik, the saga says, had arrived in Iceland several years earlier after being expelled from Norway for murder. He settled down on a farm, married a Christian woman named Thjodhild (the Norse were by now starting to convert) and had three sons, Leif, Thorvald and Thorstein, and one daughter, Freydis. It wasn't long, though, before Erik began feuding with a neighbor--something about a cow and some wallboards--and ended up killing again...
Forget Wall Street. More than 75 years ago, a Stanford University economist named Thorstein Veblen predicted that one day, engineers would be the true masters of the financial universe. It's technology that drives the economy, he argued, and since engineers create the stuff, it'll only be a matter of time before they come to their senses, seize power and undercut the venture capitalists and corporate bigwigs who make so much dough from other people's brilliant ideas. Veblen was right, it turns out. And though they never met, the man who would lead the revolution was a more...
Certification is important. Thorstein Veblen wrote in The Theory of the Leisure Class that the main challenge facing wealthy people is displaying--thus demonstrating the existence of--their wealth. In Veblen's day they did it by "conspicuous leisure"--not working. But today there is no prestige in not working. The fashion is for rich people to keep working very hard. Veblen's other suggestion was "conspicuous consumption"--spending a lot. But in the 1990s many folks have become rich beyond the practical ability to show it off by spending. The richest man in America has built a house that...