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nydus/The Theory of Business EnterprisePublic

Thorstein Veblen examines the modern industrial system as a structure defined by the machine process and investment for profit. He analyzes how business enterprise and the pursuit of financial gain serve as the primary forces directing contemporary economic organization.

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Business Principles In Law And Politics

in this way bears upon his choice through the standardization of industrial procedure is neither assault and battery nor breach of contract, and it is, therefore, not repugnant to the principles of natural liberty. Through controlling the processea of industry in ! which alone, practically, given workmen can find their livelihood, the owners of these processes may ■ bring pecuniary pressure to bear upon the choice . of the workmen ; but since the rights of property which enforce such pressure are not repugnant to the principles of natural liberty, neither I is such pecuniary pressure repugnant to the law, — the case is therefore outside the scope of the law. \ The converse case, where the workmen take similar advantage of their employers to bring them to terms, is similarly outside the scope of the common law, — supposing, of course, that tEere has in neither case been a surrender of individual liberty, a breach of contract, theft, a resort to violence, or threats of violence. So long as there is no overt attempt on life, liberty of the

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