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Consumption, Veblen and Teleology

Author

Listed:
  • Alexandru Trifu

    (Petre Andrei University of Iasi, Romania)

Abstract

In fact, this paper is following to present the work of Thorstein Bunde Veblen unifying the two other terms, as an early brick to the economic theory, influencing the becoming of the economic theory and practice. Starting from Veblen’s key idea and special approach of teleology, in economics particularly, we’ve chosen as example of a final and determined thing/aspect the act of consumption. That is in the Veblenian sense, of conspicuous consumption, and the consumption as general human and economic activity. Using synthesis of all theoretical and practical sources, the result of the paper is that one of consumption, even luxury, which takes into account the constraints of nowadays phenomena and activities around the world. Furthermore, the economic theory must be tacticized, based exactly on these challenges and influences both from interior of economic and social systems and from the external environment.

Suggested Citation

  • Alexandru Trifu, 2022. "Consumption, Veblen and Teleology," Moldavian Journal for Education and Social Psychology, Editura Lumen, vol. 6(1), pages 54-62, October.
    • Handle: RePEc:lum:mjespj:v:6:y:2022:i:1:p:54-62
    DOI: https://doi.org/10.18662/mjesp/6.1/38
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    More about this item

    Keywords

    Veblen; teleology; economic goods; consumption; tactics;
    All these keywords.

    JEL classification:

    • I2 - Health, Education, and Welfare - - Education
    • I3 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty
    • Y3 - Miscellaneous Categories - - Book Reviews

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