Veblen in Plain English: A Complete Introduction to Thorstein Veblen's EconomicsCambria, 2006 - 144 páginas This comprehensive introduction to Thorstein Veblen's economics, written by distinguished economist Dr. Ken McCormick, is intended for the student and the non-specialist. A complete interpretation of Veblen's work is presented and includes an analysis of instincts and institutions, technology, social and institutional change, and capital and business enterprise. In addition, consumer behavior, conspicuous leisure, status-driven consumption and its implications are also discussed in detail. The work also includes a Foreword by Dr. Rick Tilman, a noted Veblen scholar. |
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Página 87
... earnings , which increases the value of their capital . The increase in demand for supplies and for equipment raises ... earnings . In addi- tion , the general prosperity leads to a " lively anticipation " [ Ibid . 195 ] of further ...
... earnings , which increases the value of their capital . The increase in demand for supplies and for equipment raises ... earnings . In addi- tion , the general prosperity leads to a " lively anticipation " [ Ibid . 195 ] of further ...
Página 88
... earnings increases capital values . Owning capital is especially attractive when it is increas- ing in value , so ... earnings ratio is too high . The discrepancy is generally resolved in favor of expected earning capacity , so stock ...
... earnings increases capital values . Owning capital is especially attractive when it is increas- ing in value , so ... earnings ratio is too high . The discrepancy is generally resolved in favor of expected earning capacity , so stock ...
Página 89
... earnings are now likely to adopt an overly pessimistic view of future earnings . It is difficult to be optimistic about business when bankruptcies abound and capital values have shrunk . The pessimism about future earnings translates ...
... earnings are now likely to adopt an overly pessimistic view of future earnings . It is difficult to be optimistic about business when bankruptcies abound and capital values have shrunk . The pessimism about future earnings translates ...
Contenido
Instincts and Institutions | 1 |
Technology and Social Evolution | 29 |
Capital and Business Enterprise | 71 |
Derechos de autor | |
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Veblen in Plain English: A Complete Introduction to Thorstein Veblen's Economics Ken McCormick Sin vista previa disponible - 2006 |
Términos y frases comunes
advertising analysis bandwagon effect become businessmen CALIFORNIA/SANTA CRUZ UNIVERSITY clothes conspicuous consumption conspicuous leisure consume conventions CRUZ The University culture develop dominant earnings effect efficiency emulate equilibrium evolutionary economics example expensive fashion firm group-regarding instincts habits of thought human behavior human nature Ibid ideas idle curiosity income increase individual instinct of workmanship institutional change institutional structure intangible assets knowledge labor leisure class less Liberty Classics Library The University live machine process material equipment McCormick means Mokyr nation neoclassical economics neoclassical economists nomic objective one's output owners ownership pecuniary production profit reputation result self-regarding snob effect society's standard status Swing riots tangible assets technological change theory things Thorstein Veblen Thorstein Veblen's Economic Tilman tion University Library UNIVERSITY UNIVERSITY OF CALIFORNIA/SANTA value of capital Veblen argued Veblen called Veblen Effects Veblen put Veblen wrote wealth words workers