According to Thorstein Veblen, absentee ownership is the main and immediate Veblen’s book continues to be of vital importance to the studies of economics. 2 Thorstein Veblen, Absentee Ownership and Business Enterprise in R. Case of America (New York: Viking Press, ). 3 Adolph A. Berle, Jr., Power without. Absentee Ownership has 14 ratings and 1 review. William said: I just re-read this book. I had forgotten how good Veblen’s analysis of modern finance (in.

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Fyza Parviz Jazra marked it as to-read Jun 26, It is the paramount issue between the civilized nations, and guides the conduct of their affairs at home and abroad. Kevin marked it as to-read Sep 12, But with the advance into the new era, into what is properly to be called recent times in business and industry, the capitalisation of earning-capacity comes to be the standard practice in the conduct of business finance, and calls attention to itself as a dominant fact in the situation that has arisen.

M marked it as to-read Feb 02, An earlier chapter owndrship endeavored to describe the rise to dominance, and eventual decline or disintegration of the Captain of Industry, considered as one of the major institutions of civilised life.

Charlene marked it as to-read Jul 20, The value of any investment is measured by its capitalised earning-capacity, and the endeavors of any businesslike management therefore unavoidably center on net earnings. Dustin Taylor marked it as ownreship Nov 25, Such is the state of the case in detail in those lines of production where the mechanical industry has already taken effect in a vebleen complete degree.

Glenny Brock marked it as to-read Jun 12, Return to Book Page. Part II is an objective, theoretical analysis of those economic circumstances described in the first part of the book.

Koko rated it really liked it Mar 27, Katherine rated it really liked it Aug 12, The Industrial System of the New Order. Though he is an outsider with a deciding vote on what goes on inside. The Larger Use of Credit.


Thorstein Veblen, Absentee Ownership ()

Emmett O’Malley rated it really liked it Jul 26, Hamza marked it as to-read Feb 28, Neither the industrial chemist nor the industrial laboratory had been counted in among the ways and means of production. While it is quite evident that the conduct of productive industry, especially in its larger and more difficult undertakings, calls progressively for a more profound and wider technical insight and a more single-minded technical discretion and control, yet the general staff of the industrial system continues absetnee be made up of businesslike laymen.

Leslie added it Sep 09, All these veboen had been matters of accumulated experience and had held their place in the common sense of the day’s asentee, along with the familiar use of the mechanical principles and appliances, – familiar in their elements to all men by common notoriety.

Anne added it Nov 15, If the word be defined to suit the case, “capitalism” in industry may be said to have arisen in that time and out-of the circumstances described. Daniel Taylor marked it as to-read Mar 17, Notes [ 1 ] The economists and others who discuss business and industry as carried on in that time – late eighteenth and early nineteenth century – do not speak of “capitalisation of earning-capacity”; but business practice at the time gives evidence of the fact.

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He was famous as a witty critic of capitalism. This book is not yet featured on Listopia. To ask other readers questions about Absentee Ownershipplease sign up. Marwa marked it as to-read May 10, What was “natural” in the Eighteenth century was that which had the sanction of unbroken ownesrhip and so far ownerhsip touches the economic life in that time, that was “natural” which was attested by unbroken habituation under the regime of handicraft.

Theory III: What Is Capital? Veblen, Absentee Ownership and by Amy Power on Prezi

Veblen’s book continues to be of vital importance to the studies of economics, political theory, and sociology. Jeff Bladt rated it it was amazing Dec 08, Absentee Ownership is an inquiry into the economic situation as it has taken shape agsentee the twentieth century, particularly as exemplified in the case of America.


Want to Read saving…. Michael marked it as to-read Jan 27, Absentee ownership wiped that out for the common man.

Heather Carino rated it liked it Apr 08, Raphael Yvan marked it as to-read Jan 26, The result was that investment and absentee ownership presently became the rule in the mechanical industries, as it already was the rule in commerce and as it had long been the rule in husbandry.

Indeed, it is still an article of popular belief, grounded in traditional common sense, that the control of productive industry must in the nature of things be entrusted to absentee laymen, even in those lines of production where the work can not effectually be carried on without the constant attention of technically trained men. Within the history of economic thought, Veblen is considered the leader of the institutional economics movement.

Absentee Ownership: Business Enterprise in Recent Times – The Case of America

Apr 06, William T. Popular passages Page 11 – First of all there must be law; that is, a fixed rule of teaching what is to absented done and what is to be left undone. It is more difficult, perhaps it would prove impracticable, to apply the same line of reasoning to the same end in the case of other than absentee ownership.

Gavin marked it as to-read Sep 17, vfblen According to Thorstein Veblen, absentee ownership is the main and immediate controlling interest in the life of civilized men.