The Engineers And The Price System

The Engineers And The Price System
by Thorstein Veblen

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Book Description
One of the great thinkers of the early 20th century, American economist and sociologist THORSTEIN BUNDE VEBLEN (1857-1929) is best remembered for coining the phrase "conspicuous consumption." But he also, in this 1921 volume, foresaw the rise of the scientist and the technologist as an economic power. Here, he explains... . the conflict between the entrepreneur and the engineer . the new power of the technological craftsman in the industrial scheme . why any "revolution" in America would come from organized labor . and more. ALSO FROM COSIMO: Veblen's The Vested Interests and the Common Man, The Theory of Business Enterprise, Imperial Germany and the Industrial Revolution, An Inquiry into the Nature of Peace and the Terms of Its Perpetuation, and The Instinct of Workmanship and the State of the Industrial Arts

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The Guardians of the Vested Interests...have allowed their own knowledge of this sinister state of things to unseat their common sense....they have gone in for a headlong policy of clamor and repression, to cover and suppress matters of fact and to shut off discussion and deliberation. And all the while the Guardians are also feverishly at work on a mobilization of such forces as may hopefully be counted on to "keep the situation in hand" (I love Veblen)

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