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Book Title: The Engineers and the Price System|
The author of the book: Thorstein Veblen
Format files: PDF
The size of the: 442 KB
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Reader ratings: 3.2
Edition: Cosimo Classics
Date of issue: September 28th 2006
ISBN 13: 9781596058927
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One of the great thinkers of the early 20th century, American economist and sociologist THORSTEIN BUNDE VEBLEN (1857-1929) is best remembered for coining the phrase "conspicuous consumption." But he also, in this 1921 volume, foresaw the rise of the scientist and the technologist as an economic power. Here, he explains... . the conflict between the entrepreneur and the engineer . the new power of the technological craftsman in the industrial scheme . why any "revolution" in America would come from organized labor . and more. ALSO FROM COSIMO: Veblen's The Vested Interests and the Common Man, The Theory of Business Enterprise, Imperial Germany and the Industrial Revolution, An Inquiry into the Nature of Peace and the Terms of Its Perpetuation, and The Instinct of Workmanship and the State of the Industrial Arts
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Read information about the authorThorstein (born 'Torsten') Bunde Veblen was a Norwegian-American economist and sociologist. He was famous as a witty critic of capitalism.
Veblen is famous for the idea of "conspicuous consumption". Conspicuous consumption, along with "conspicuous leisure", is performed to demonstrate wealth or mark social status. Veblen explains the concept in his best-known book, The Theory of the Leisure Class (1899). Within the history of economic thought, Veblen is considered the leader of the institutional economics movement. Veblen's distinction between "institutions" and "technology" is still called the Veblenian dichotomy by contemporary economists.
As a leading intellectual of the Progressive Era, Veblen attacked production for profit. His emphasis on conspicuous consumption greatly influenced the socialist thinkers who sought a non-Marxist critique of capitalism.
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