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1) Explain how Torstein Veblen viewed the dominant economic
theory at his time and the function it plays in societies. (3)
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? (2)

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1) Explain how Torstein Veblen viewed the dominant economic theory a

  • 1. 1) Explain how Torstein Veblen viewed the dominant economic theory at his time and the function it plays in societies. (3) 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? (2)