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Thorstein Veblen's "The Engineers and the Price System" presents an incisive critique of the capitalist economic structure, highlighting the conflicting roles of engineers and industrialists. Through a combination of rigorous economic analysis and a unique sociological perspective, Veblen employs a distinctively analytical literary style to explore how the priorities of engineers, who emphasize efficiency and innovation, clash with the profit-driven motives of the market system. This tension reveals broader implications for modern industry and reflects Veblen's concerns regarding the…mehr

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Produktbeschreibung
Thorstein Veblen's "The Engineers and the Price System" presents an incisive critique of the capitalist economic structure, highlighting the conflicting roles of engineers and industrialists. Through a combination of rigorous economic analysis and a unique sociological perspective, Veblen employs a distinctively analytical literary style to explore how the priorities of engineers, who emphasize efficiency and innovation, clash with the profit-driven motives of the market system. This tension reveals broader implications for modern industry and reflects Veblen's concerns regarding the detrimental impact of predatory capitalism on technological advancement and societal welfare. Veblen, a pioneering figure in the field of institutional economics, was profoundly influenced by his observations of industrial society at the turn of the 20th century. His background in sociology and economics allowed him to dissect the intricacies of social behavior and economic practices, providing valuable insights into the motivations that drive both engineers and capitalists. Veblen's earlier works, such as "The Theory of the Leisure Class," set the stage for this profound exploration of the intersections between technology, engineering, and economic systems. This book is highly recommended for readers interested in economic theory, sociology, and the ongoing dialogue surrounding technological progress in a capitalist society. Veblen's thought-provoking arguments urge readers to reconsider the alignment of technological capabilities with market demands, making "The Engineers and the Price System" an essential read for anyone looking to grasp the complexities of modern industrial life.

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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.