On its original publication in 1919, The Place of Science in Modern Civiliation was recognied as a major contribution, and today Veblen continues to command attention and respect. This volume includes some of his most seminal work, essays that have critical, almost devastating implications for capitalist society and mainstream economic theory as well as Marxism and socialism in general.
The continuing power of Veblen's work derives both from the penetration and range of his analysis and the arguable failure of modern society and social science theory to change in any material respect since he worked. The continuing relevance of his topics and ideas is manifest. In this volume in particular, Veblen addresses controversies over the relations of deduction and induction and efforts to produce truth, belief systems, and language, disputes about the significance of business mergers and acquisitions, and questions about the historical meaning and status of socialism. All of these are subjects of continuing interest and concern.
The first six essays are fundamental contributions to the study of the preconceptions that drive thought and modern science and their origins. The next nine essays apply Veblen's thinking to critiques of other economists and capitalism. Three of these nine essays represent fundamental components of Veblen's view of capitalism and its problems are of lasting interpretive and analytic value. The final three essays in the book, and in particular the last two, are examples of a genre of thinking which, while not uncommon among social scientists of the period in which Veblen worked haven been discredited and certainly have no lasting value, being conjectural history using such concepts as natural selection.
As Warren Samuels notes in his stimulating introduction to this new edition, "Veblen was heterodox, iconoclastic, sardonic, caustic, and satiric. He also was brilliant, penetrating, original, courageous, literarily dramatic, and unique, as well as intellectually distant." This collection will be of interest to economists and other social scientists interested in the specific topics addressed here, as well as researchers in the history of ideas.
Warren J. Samuels is professor of economics at Michigan State University. He is editor of the Classics in Economics series for Transaction.
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Thorstein Veblen (1857-1929) was perhaps the most famous American economist and social critic of his time. He taught at the universities of Chicago and Missouri, Stanford University, and the New School for Social Research.
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total effective utility, immaterial equipment, pecuniary magnate, pecuniary employments, capitalised wealth, differential dignity, meliorative trend, technological expedients, blond stock, pecuniary traffic, material serviceability, brunet type, pecuniary capital, hedonistic economics, blond race, economic life process, pecuniary management, final productivity, higher generalisations, hedonistic interpretation, definitive ground, expedient conduct, invested wealth, hedonistic terms, blond types Key Phrases - Capitalized Phrases (CAPs): (learn more)
Adam Smith, The Economics of Karl Marx, Professor Clark's Economics, Professor Schmoller, The Place of Science, The Theory of Socialism, Gustav Schmoller's Economics, The Limitations of Marginal Utility, The Aryan Culture, The Blond Race, Wealth of Nations, Professor Marshall, Political Economy, The Quarterly Journal of Economics, New York, Social Democrats, Middle Ages, Principles of Economics, Materialistic Conception of History, Theory of Business Enterprise Browse Sample Pages:
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total effective utility, immaterial equipment, pecuniary magnate, pecuniary employments, capitalised wealth, differential dignity, meliorative trend, technological expedients, blond stock, pecuniary traffic, material serviceability, brunet type, pecuniary capital, hedonistic economics, blond race, economic life process, pecuniary management, final productivity, higher generalisations, hedonistic interpretation, definitive ground, expedient conduct, invested wealth, hedonistic terms, blond types Key Phrases - Capitalized Phrases (CAPs): (learn more)
Adam Smith, The Economics of Karl Marx, Professor Clark's Economics, Professor Schmoller, The Place of Science, The Theory of Socialism, Gustav Schmoller's Economics, The Limitations of Marginal Utility, The Aryan Culture, The Blond Race, Wealth of Nations, Professor Marshall, Political Economy, The Quarterly Journal of Economics, New York, Social Democrats, Middle Ages, Principles of Economics, Materialistic Conception of History, Theory of Business Enterprise Browse Sample Pages:
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