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Article: John Rae and Thorstein Veblen.(economists)
- Article from:
- Journal of Economic Issues
- Article date:
- September 1, 2004
- Author:
CopyrightCOPYRIGHT 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. (Hide copyright information)
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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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Article: John Rae
The Columbia Encyclopedia, Sixth Edition;
500 words
...John Rae 1813-93, Scottish arctic explorer, b ... the Hudson's Bay Company in N Canada, Rae made (1846-47) a journey of exploration ... McGoogan, Fatal Passage: The Story of John Rae, the Arctic Hero Time Forgot (2002).
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