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Thorstein Veblen was a prominent American economist and sociologist known for his groundbreaking work on the interplay between economics and society. Born in 1857, Veblen gained recognition for his influential book "The Theory of the Leisure Class" in 1899, where he introduced the concept of "conspicuous consumption." His critical analysis of capitalism and the role of social institutions in shaping economic behavior have had a lasting impact on the field of economics. Veblen's innovative ideas continue to be studied and revered by scholars worldwide.