Challenging the libertarians' definition of "freedom" and "democracy," this study portrays the social philosophy of Milton Friedman, James Buchanan, Friedrich Hayek, and George Stigler as the bulwark of an attack on welfare and regulatory state collectivism and as undermining majoritarian democracy, political and civil liberties, and social equality. The book opens with Frank Knight's doctrines and their impact on the Chicago laissez faire economists, places libertarianism within the American tradition of empirical collectivism, and explores Friedrich Hayek's road-to-serfdom thesis within the context of the New Deal. Posing problems of corporate power, it uses Friedman, Stigler, and Buchanan as examples of libertarian denial of these problems and, in a consideration of the debate between the New Left and Libertarian Right, contrasts their ideologies.

The work concludes with a historical summing up that juxtaposes the recent past to the present, links libertarian material interests with the growth of corporate hegemony, and portrays the right wing of neoclassical economics as an intellectual bulwark of business culture. The emergent plutocracy that we now live in, including the erosion of democratic theory and practice, owes a significant part of its doctrinal and political sustenance to the influence of the free market economists who are the subject of this book. The study is the first to use the unpublished papers of libertarians James Buchanan, Gordon Tullock, Milton Friedman, and George Stigler to bring their interpretations of the meaning of "freedom" and "democracy" into question.

Scholars attempting to place Veblen in a particular intellectual tradition will only succeed in reaping frustration and confusion until it is recognized that he was primarily DEGREESIsui generis DEGREESR and eclectic. This is the recurring theme that is made explicit in the introduction, conclusion, and some of the chapters of this work. Veblen was a thinker of such depth and power that he was able to create his own intellectual paradigm. The result of his endeavors is that more than a few intellectuals including his followers, the institutional economists, have spent their careers trying to understand the paradigm and to develop it in several directions for their own purposes.

Veblen was an original thinker, responsible for introducing and popularising a host of important concepts and insights. He ignited controversy not only in economics, but also in sociology, history and political science. The number and quality of the responses to his work provide evidence of the novelty and explanatory power of his ideas. These comprehensive volumes will enable the reader to sample the broad spectrum of Veblen's thought and that of his critics and interpreters. They include critical appraisals of the corpus of his published work as well as reinterpretations of his life and influence on the social sciences particularly economics, political science and sociology. This authoritative collection includes reprints of materials previously published by leading scholars on nearly every aspect of Veblen's life and work. It will be invaluable to professional scholars and graduate students who wish to heighten their understanding of the alternatives to formalism in the social studies.

First Published in 2015. Thorstein Veblen (1857-1929) was a contemporary of John Dewey and C.S. Peirce and ranks as one of the seminal minds of his generation of American thinkers in economics and sociology. He was a caustic critic of American business culture and his prose being peppered with Latin vocabulary might have made his ideas difficult to comprehend to the layperson. This collection of his writings looks at Veblen's works, main concepts and enables the reader to sample the broad spectrum of his thought and to reach his or her own conclusions regarding its present relevance.

First Published in 2015. Thorstein Veblen (1857-1929) was a contemporary of John Dewey and C.S. Peirce and ranks as one of the seminal minds of his generation of American thinkers in economics and sociology. He was a caustic critic of American business culture and his prose being peppered with Latin vocabulary might have made his ideas difficult to comprehend to the layperson. This collection of his writings looks at Veblen's works, main concepts and enables the reader to sample the broad spectrum of his thought and to reach his or her own conclusions regarding its present relevance.

The influential economist and philosopher Thorstein Veblen (1857-1929) was one of the most original and penetrating critics of American culture and institutions, and his work attracted and still attracts the attention of scholars from a wide range of political viewpoints and scholarly disciplines. Focusing on the doctrinal and theoretical facets of Veblen's political economy, this book offers a study not only of his ideas but also of the way his critics have responded to them. Rick Tilman assesses the weight of the critics' reactions, both positive and negative, as well as exposing their sometimes mistaken interpretations of Veblen's work. As he scrutinizes the ideologies of the conservatives, liberals, and radicals who commented on Veblen, he portrays the diversity of social theory in the first half of the twentieth century. Beginning with the first criticism of Veblen's work during the presidency of Benjamin Harrison and concluding with Daniel Bell's attack on him during the Kennedy administration, the book emphasizes those critics who systematically confronted the doctrinal structure of Veblen's thought and believed that they perceived in it fundamental weaknesses. But even the most negatively inclined--such as Paul Baran, Irving Fisher, and Talcott Parsons--admitted some of Veblen's strengths. Ironically, his supporters at times stripped his work of much of its potential for political and moral enlightenment without intending to do so.

Originally published in 1992.

The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These paperback editions preserve the original texts of these important books while presenting them in durable paperback editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

The influential economist and philosopher Thorstein Veblen (1857-1929) was one of the most original and penetrating critics of American culture and institutions, and his work attracted and still attracts the attention of scholars from a wide range of political viewpoints and scholarly disciplines. Focusing on the doctrinal and theoretical facets of Veblen's political economy, this book offers a study not only of his ideas but also of the way his critics have responded to them. Rick Tilman assesses the weight of the critics' reactions, both positive and negative, as well as exposing their sometimes mistaken interpretations of Veblen's work. As he scrutinizes the ideologies of the conservatives, liberals, and radicals who commented on Veblen, he portrays the diversity of social theory in the first half of the twentieth century. Beginning with the first criticism of Veblen's work during the presidency of Benjamin Harrison and concluding with Daniel Bell's attack on him during the Kennedy administration, the book emphasizes those critics who systematically confronted the doctrinal structure of Veblen's thought and believed that they perceived in it fundamental weaknesses. But even the most negatively inclined--such as Paul Baran, Irving Fisher, and Talcott Parsons--admitted some of Veblen's strengths. Ironically, his supporters at times stripped his work of much of its potential for political and moral enlightenment without intending to do so. Originally published in 1992. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

Thorstein Veblen is best known for his authorship of "The Theory of the Leisure Class" and "The Theory of Business Enterprise," which made him a celebrated figure in the fields of economics and sociology at the turn of the twentieth century. In this book, Sidney Plotkin and Rick Tilman argue that in addition to his well-known work in these fields Veblen also made important--and until now overlooked--statements about politics.

While Veblen's writings seldom mention politics, they are saturated with political ideas: about the relationship among war, executive power, and democracy; about the similarities between modern executive positions and monarchy; about the political influence of corporate power; about the symbolism of politics; and about many other issues. By demonstrating the deep relevance of Veblen's writings to today's political troubles, "The Political Ideas of Thorstein Veblen "offers an important reconsideration of a major American thinker.