Article: John Rae and Thorstein Veblen.(economists)

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 Fallacies of the System of Free Trade, and of Some Other Doctrines Maintained in the "Wealth of Nations" ([1834] 1964). Rae was born near Aberdeen in Scotland in 1796 and emigrated to Canada in 1821, ...

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