This article, in general, enhances the role of Thorstein Veblen in the history of economic thought by taking up one of the original critics of American capitalism of the late nineteenth and early twentieth centuries. Thus, the debate that we have undertaken will focus on addressing three key topics of the so called Veblenian institutionalism, but little prominent in the theme discussions: (1) dialogue with the German historicism and its influence in the discipline universe of economics, (2) the uncertain defense of the inductivism as investigative tactics and (3) the perception of the methodological holism as the most natural posture of the Veblenian texts in overt opposition to the neoclassic tradition of the time.
Veblen; Institutionalism; Historicism; Induction; Holism