Thorstein Veblen

The Engineers and the Price System (eBook, ePUB)

• Format: ePub

Produktbeschreibung

In "The Engineers and the Price System," Thorstein Veblen critiques the economic structures of his time, arguing that the increasing dominance of engineering and technology distorts traditional market principles. Veblen employs a distinctive literary style that blends incisive analysis with satirical wit, presenting a compelling argument that the prevailing price system often neglects the expertise and values of engineers. This work is set against the backdrop of early 20th-century America, a period marked by rapid industrialization and the emergence of a technocratic society, thus situating Veblen within a critical conversation about the role of intellectuals in economic affairs. Thorstein Veblen, a prominent sociologist and economist, is best known for his critique of capitalism and his exploration of social stratification. Influenced by his experiences of privilege and the limitations they imposed on genuine progress, Veblen sought to illuminate the contradictions inherent in capitalist systems. His background in both sociology and economics propelled him to examine the interaction between technology, industry, and human behavior, themes that resonate throughout this significant text. Veblen's "The Engineers and the Price System" is indispensable for readers interested in the intersections of technology and economics. This work not only provides a critical lens on the implications of engineering in societal development but also invites contemporary scholars to reflect on the relevance of its insights in today's rapidly evolving economic landscape.

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Produktdetails

• Verlag: Copycat
• Erscheinungstermin: 21. Februar 2023
• Englisch
• ISBN-13: 9788028284671
• Artikelnr.: 69807251

Autorenporträt

Thorstein Bunde Veblen was an astute and insightful American economist and sociologist, renowned for his groundbreaking analysis of economic institutions and his contemplations on the social order. Born on July 30, 1857, in Wisconsin to Norwegian-American parents, Veblen grew to be a pivotal figure in what would later be called institutional economics. Educated at Carleton College and later at Johns Hopkins University, he completed his PhD at Yale University in 1884. Veblen's intellectual endeavors explored the intricate intersections between the economy, society, and technology. Among his numerous publications, 'The Engineers and the Price System', written in 1921, stands as a significant text that deliberates on the role of engineers in reordering the economic system that was dominated by business interests to the detriment of technical efficiency and social welfare. Veblen, through his literary works, offered piercing critiques of capitalism and coined terms like 'conspicuous consumption,' which remains relevant in sociological and economic discourses today. His seminal book, 'The Theory of the Leisure Class' (1899), further exemplifies his sharp analysis of the societal classes and their consumptive behaviors. Veblen's profound insights continue to be reflected in contemporary discussions of economic thought and class structure. He passed away on August 3, 1929, leaving behind a legacy that firmly situates him as a critical thinker of the Progressive Era and a leading light in the annals of economic sociology.