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The Vested Interests (Hardcover)
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The Vested Interests (Hardcover)
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Veblen's classic position on social status is intertwined with his
interest in economic class and the political prospects of that
class. The Vested Interests is squarely in that tradition. It aims
to show how and why a discrepancy has arisen between the accepted
principles of law and custom that underlie the business enterprise
and the efficient management of industry. He also speculates on the
civil and political difficulties inspired by this discrepancy
between business civilization, and the social order. Many of the
essays in this collection originally appeared in Dial from October
1918 to January 1919. The Vested Interests includes: "The
Instability of Knowledge and Belief," "The Stability of Law and
Custom," "The State of the Industrial Arts," "Free Income," "The
Vested Interests," "The Divine Rights of Nations," "Live and Let
Live," and "The Vested Interests and the Common Man." In his new
introduction, Irving Louis Horowitz discusses Veblen as an
economist turned sociologist. He explores the dichotomies in
Veblen's approach, describing it as radical in input and
conservative in outcome. Veblen was analytical in design, but
ideological in rhetoric. He was materialist in his economic
analysis, but idealistic in his emphasis on law and custom as
regulatory mechanisms of the management of society. Horowitz also
describes the difficulties Veblen experienced in placing his
steadfastly nineteenth century ideals in the context of 1920s
America. This is the final volume in Transaction's series of the
essential works of Thorstein Veblen. It will be of central interest
to sociologists as well as economists, particularly those
interested in the history of ideas.
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