The man was eccentric; he has been called the Frank Lloyd Wright of economics. An American with his name of course had to be a Norwegian from Wisconsin, which explains his progressivism and contempt for non-productive activity. Until I visited the cabin, all that had never crossed my mind.
We have Veblen to thank for his contributions to the theories of consumerism and the business cycle, and in the Gilded Age he accurately foresaw a U.S. economy that would benefit mainly the very wealthy. He taught at Mizzou for seven years, hating it and calling Columbia â€œa woodpecker hole of a town.â€ For a year he was one of the editors of The Dial, which became a litmag that first published the likes of Marianne Moore.
When Veblen first came to Washington Island he stayed in a boarding house and looked for people who could teach him to speak Icelandic so he could translate an old epic poem. In 1957, for her masterâ€™s thesis, a graduate student collected islanders' memories and stories about the great man, and incidentally was given the books and papers left in the study. Veblen wore really old clothes, people said. But he was generous with money and liked anybody who could teach him anything.