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Early in his schooling he demonstrated both the bitterness and the sense of humor that would characterize his later works. Veblen studied economics and philosophy under the guidance of the young John Bates Clark (1847-1938), who went on to become a leader in the new field of neoclassical economics. Clark influenced Veblen greatly, and as Clark initiated him into the formal study of economics, Veblen came to recognize the nature and limitations of hypothetical

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