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Absentee Ownership : Business Enterprise in Recent Times - The Case of America - Thorstein Veblen

Absentee Ownership

Business Enterprise in Recent Times - The Case of America

Paperback Published: 30th November 1996
ISBN: 9781560009221
Number Of Pages: 470

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Absentee Ownership is an inquiry into the economic situation as it has taken shape in the twentieth century, particularly as exemplified in the case of America. According to Thorstein Veblen, absentee ownership is the main and immediate controlling interest in the life of civilized men. It is the paramount issue between the civilized nations, and guides the conduct of their affairs at home and abroad. World War I, says Veblen, arose out of a conflict of absentee interests and the peace was negotiated with a view to stabilize them. Part I of the book is occupied with a summary description of that range of economic circumstances and that sequence of economic growth and change that led up through the nineteenth century and have come to a head in the twentieth century. Part II is an objective, theoretical analysis of those economic circumstances described in the first part of the book. Marion Levy writes in his introduction about the phrase "absentee ownership" and how it has a definite connotation, representing a dark figure in the economic system, a frustration of desired levels of self-sufficiency. In the early days, the giants of business enterprise had faces--Rockefeller, Vanderbilt, Ford, Edison--but they all turned into faceless bureaucracies, says Levy. The giants may not have been nice, but they had faces and human traits. Absentee ownership wiped that out for the common man. Veblen's book continues to be of vital importance to the studies of economics, political theory, and sociology.

Introduction to the Transaction Edition
Introductoryp. 3
The Growth and Value of National Integrityp. 11
Law and Custom in Recent Timesp. 40
The Era of Free Competitionp. 69
The Rise of the Corporationp. 82
The Captain of Industryp. 101
The Case of Americap. 119
The New Order of Businessp. 205
The Industrial System of the New Orderp. 229
The Technology of Physics and Chemistryp. 251
Manufactures and Salesmanshipp. 284
The Larger Use of Creditp. 326
The Secular Trendp. 398
Table of Contents provided by Blackwell. All Rights Reserved.

ISBN: 9781560009221
ISBN-10: 1560009225
Audience: Professional
Format: Paperback
Language: English
Number Of Pages: 470
Published: 30th November 1996
Country of Publication: GB
Dimensions (cm): 22.56 x 15.39  x 2.67
Weight (kg): 0.65
Edition Type: New edition