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

4.25  ·  Rating details ·  16 ratings  ·  2 reviews
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 ...more
Paperback, 470 pages
Published November 30th 1996 by Routledge (first published 1971)
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William T.
Apr 06, 2007 rated it really liked it
I just re-read this book. I had forgotten how good Veblen's analysis of modern finance (in this book) was. His critique of organized religion and the role of government in economic affairs is still point on. While The Theory of the Leisure Class is certain to remain his best known work. In contemporary times The Theory of Business Enterprise and Absentee Ownership remain his most important economics works.
Tommy
Jan 02, 2020 rated it really liked it
A lot less verbose, and actually readable, than The Instinct of Workmanship but more of a summation of his ideas on the history of the corporate form of enterprise, indebtedness, publicity/advertising, etc than his more theoretically in-depth The Theory of Business Enterprise.
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Thorstein (born 'Torsten') Bunde Veblen was a Norwegian-American economist and sociologist. He was famous as a witty critic of capitalism.

Veblen is famous for the idea of "conspicuous consumption". Conspicuous consumption, along with "conspicuous leisure", is performed to demonstrate wealth or mark social status. Veblen explains the concept in his best-known book, The Theory of the Leisure Class
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