John Rae and Thorstein Veblen.(economists) From: Journal of Economic Issues | Date: September 1, 2004| Author: Alcott, Blake | COPYRIGHT 2004 Association for Evolutionary Economics. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

All that the possessor of the luxury desires, is, to have a means of showing that he has acquired the command of a certain amount of the exertions of other men.

--John Rae, Statement of Some New Principles on the Subject of Political Economy

Rae's "Accumulation"

Many of Thorstein Veblen's ideas in The Theory of the Leisure Class ([1899] 1998) are found in John Rae's Statement of Some New Principles on the Subject of Political Economy: Exposing the ...