> On Nov 6, 2025, at 14:03, Tom Walker via groups.io > <[email protected]> wrote: > > So it's Veblen all the way down!
This is tangential to H. Marcuse, but I'll just add that Veblen's Institutional Economics seemed to flourish during periods of political reaction, notably in the 1950s and 1920s when Marxist professors lost their jobs and the institutionalist became the in-house opposition to mainstream economics, neo-classical and Keynesian economics. I don't know if Institutional Economics played a similar role during the Progressive Era that coincided with Veblen's heyday. But that period was a time of political reaction against labor, unions, Black people and immigrants along with the growth of eugenics, the Klan, and Jim Crow lynchings. Mark p.s. Full disclosure: As an undergraduate, I received the economics department award for Institutional Economics. When my professor told me the news, I said that I did not study Institutional Economics; I only read one book by Veblen and didn't feel the need to read another. His response was "do you want the money or not?" I wanted the money. -=-=-=-=-=-=-=-=-=-=-=- Groups.io Links: You receive all messages sent to this group. View/Reply Online (#39148): https://groups.io/g/marxmail/message/39148 Mute This Topic: https://groups.io/mt/116161664/21656 -=-=- POSTING RULES & NOTES #1 YOU MUST clip all extraneous text when replying to a message. #2 This mail-list, like most, is publicly & permanently archived. #3 Subscribe and post under an alias if #2 is a concern. #4 Do not exceed five posts a day. -=-=- Group Owner: [email protected] Unsubscribe: https://groups.io/g/marxmail/leave/13617172/21656/1316126222/xyzzy [[email protected]] -=-=-=-=-=-=-=-=-=-=-=-
