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Do Business Executives Lie More Than the Average Person?

Looking back at the economist and leading intellectual of the Progressive Era, Thorstein Veblen’s ideas about business, lying, and capitalism. One of the most recognized economists at the University of Chicago at the turn of the 20th century, Veblen considered lying an essential part of American capitalism.

“[T]he arts of business are the arts of bargaining, effrontery, salesmanship, [and] make believe,” he wrote in his final book, Absentee Ownership and Business Enterprise in Recent Times.

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