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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Clark drew the distinction between capital goods and capital because he wanted
to argue two things . The first is that the income that goes to owners of capital is a
result of the contribution to output made by the equipment and buildings they ...
To use Veblen ' s terms , “ vendibility ” of output is therefore more important than “
serviceability for the needs of mankind ” [ Ibid . 51 ) . Businessmen increase the
vendibility of their products by devoting resources to marketing . One form of ...
During a recession , for example , making money ( or more precisely , minimizing
financial losses ) requires that businesses reduce output . The interest of
business runs contrary to the interest of the public , who would like the output that
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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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