Absentee Ownership: Business Enterprise in Recent Times - by Thorstein Veblen,Jr. Marion Levy

By Thorstein Veblen,Jr. Marion Levy

Absentee possession is an inquiry into the industrial state of affairs because it has taken form within the 20th century, really as exemplified with regards to the US. based on Thorstein Veblen, absentee possession is the most and instant controlling curiosity within the lifetime of civilized males. it's the paramount factor among the civilized countries, and courses the behavior in their affairs at domestic and in another country. global struggle I, says Veblen, arose out of a clash of absentee pursuits and the peace was once negotiated so as to stabilize them. half I of the booklet is serious about a precis description of that variety of monetary conditions and that series of financial development and alter that led up in the course of the 19th century and feature come to a head within the 20th century. half II is an goal, theoretical research of these monetary conditions defined within the first a part of the e-book. Marion Levy writes in his advent in regards to the word "absentee possession" and the way it has a distinct connotation, representing a gloomy determine within the economic climate, a frustration of wanted degrees of self-sufficiency. within the early days, the giants of industrial company had faces--Rockefeller, Vanderbilt, Ford, Edison--but all of them became faceless bureaucracies, says Levy. The giants won't were great, yet that they had faces and human qualities. Absentee possession wiped that out for the typical guy. Veblen's publication is still of important value to the experiences of economics, political concept, and sociology.

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