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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Capital flight from , say , Mexico , means that investors “ decide to sell some of
their Mexican assets and use the proceeds to buy U . S . assets ” [ Ibid . 712 ] .
The “ capital ” that is in flight from Mexico is not the “ capital ” defined as
The first , tangible assets , consists of the material equipment used in production ,
and corresponds to Clark ' s capital goods . The second , intangible assets ,
consists of all the immaterial things that affect the value of a given block of capital
To put it simply , tangible assets have to do with technology ; intangible assets
have to do with institutions . Capital is more than just a collection of capital goods
. A famous brand name is valuable because it affects the firm ' s earning capacity
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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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