Veblen in Plain English: A Complete Introduction to Thorstein Veblen's Economics
Cambria, 2006 - 144 páginas
This comprehensive introduction to Thorstein Veblen's economics, written by distinguished economist Dr. Ken McCormick, is intended for the student and the non-specialist. A complete interpretation of Veblen's work is presented and includes an analysis of instincts and institutions, technology, social and institutional change, and capital and business enterprise. In addition, consumer behavior, conspicuous leisure, status-driven consumption and its implications are also discussed in detail. The work also includes a Foreword by Dr. Rick Tilman, a noted Veblen scholar.
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For one thing , idle curiosity finds an outlet only if people can afford to be idle .
Only after needs such as food , clothing , shelter and reproduction have been met
can one afford to spend time on something that has no immediate reward .
The people who could afford to own capital goods found themselves in the
position of deciding the terms on which society could use its technology . In other
words , technology was still possessed by the community as a whole , but the
In their view , the very rich can afford to distinguish themselves from those just
rich enough to be snobs by not conspicuously consuming . People who have
recently acquired wealth need to display it in order to gain the status associated
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This is a wonderful book! It reads very well gives you the basic outline for different topics that Veblen wrote on. Each topic will cover material from anything he wrote, not just looking at the theory of leisure class or the theory of the business enterprise in isolated. This book is especially import since Veblen's own way to right things can be very confusing, but McCormick makes Veblen easy to understand.
The Last Train Runs the Fastest
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