The article discusses Thorstein Veblen's ideas on economic value and market systems. Veblen challenges traditional views that the market can objectively measure value. He argues that market values are unique and cannot be reduced to simple formulas. Veblen's theory focuses on social values and how institutions shape economic progress. His ideas are similar to those of economist Karl Polanyi. Veblen's insights prompt us to rethink how we understand value and progress in society.