On the Use and Abuse of Thorstein Veblen in Modern American Sociology, II: Daniel Bell and the 'Utopianizing' of Veblen's Contribution and Its Integration by Robert Merton and C. W. Mills

A bstract . The analyses and applications of Thorstein Veblen's social theory by Daniel Bell, Robert Merton , and C. Wright Mills are criticized. Bell's analysis is deficient because it distorts Veblen's proposal for economic reconstruction and because it treats him as a hopelessly Utopian theorist. Merton's use of Veblen's theory of status emulation by linking it with latent and manifest functions is a noteworthy accomplishment; yet Merton's utilization of Veblenian concepts is too sparing and essentially apolitical. Only the treatment of Veblen's theories by Mills is theoretically systematic and sufficiently political in tone. The significant import of Veblen's work for an indigenous critical theory resides in his theories of social value , status emulation, conflict and cultural lag.