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How torstein veblen viewed the dominant economic theory

Assignment:

1) Explain how Torstein Veblen viewed the dominant economic theory at his time and the function it plays in societies.

2) How does the relation between instrumental and ceremonial motives change in stable environments? Based on this, what can we say about general trends in societal development?

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Macroeconomics: How torstein veblen viewed the dominant economic theory

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Macroeconomics: How torstein veblen viewed the dominant economic theory

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