the marginalist revolution in 1871, in a childish feud for which Menger was at least as much to blame. If you must answer your critics, be gracious. Thorstein Veblen, an institutionalist from Wisconsin, coined the term “neoclassicism” for what we now call marginalism. He made fun of it for missing the role of inst

for other cues to vulnerability. Stotting appears excessive, but in fact is an honest signal of power. It is, to borrow a phrase from the economist Thorstein Veblen, "conspicuous consumption." By flaunting their superior condition, throwing away resources just because they can, these stotting gazelles benefit in