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The Theory of Business Enterprise

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Title: The Theory of Business Enterprise
by Thorstein Veblen
ISBN: 0-87855-699-0
Publisher: Transaction Publishers
Pub. Date: 01 June, 1978
Format: Paperback
Volumes: 1
List Price(USD): $29.95
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Average Customer Rating: 4 (2 reviews)

Customer Reviews

Rating: 4
Summary: Econ Class Review
Comment: JMJ IHM

Thorstein Veblen gives a very detailed, logical account of the business enterprise as he saw it in the 1900's. He places an emphasis on the individual buisness man, the powers he holds and what he can accomplish with those powers, as well as his effect on the economic and social community as a whole. He looks at the world community as it enters into the industrial age, dominated by what he calls the "machine process." He places intense importance on the subject of machines and how they relate to business enterprise. His Theory is very well-written and comprehensive, linking all aspects of his thought together in an organized, essay-like book.

Rating: 4
Summary: A hop, skip, and a jump from hell.
Comment: I have an old hardcover copy of this book, copyright 1904, reprinted in 1936, when times had been hard and weren't getting much better. The Preface had proclaimed a unique point of view: "the aims, motives, and means that condition current business traffic. This choice of a point of view is itself given by the current economic situation, in that the situation plainly is primarily a business situation." (p. v). Later on, considering the nature of technological society, Veblen adopts a view of thinking that is very much like the thoughts of Karl Marx on people who try to survive by having a job in such a system. "His place is to take thought of the machine and its work in terms given him by the process that is going forward. His thinking in the premises is reduced to standard units of gauge and grade. If he fails of the precise measure, by more or less, the exigencies of the process check the aberration and drive home the absolute need of conformity." (p. 308). This is not particularly appealing to anyone who has had the misfortune to see the results of such thinking in military pacification procedures, strategic bombing campaigns, politics, philosophy, psychology, religion, and the practice of law as a professional occupation. People who cannot see a connection here never read anything like this book.

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