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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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fairly be said to lower his InMlligence, since it hinders tbe full development of tbe only capacities of which he is possessed. The resulting difference in intellectual training la a difference in kind and direction, not necessarily in degree. CI. Schmoller, Ontndriu der VolJuwirtKMflalehre, Tol. I. sees. 85-86, 132 ; Hobson, £oofulion of Modem CapitalUm, ch. IX. sees. 4 and 6 ; Cooke Taylor. Modem Factory SfMtem, pp. 434-436 ; Sidney and Beatrice Webb, Ittduttrial Denwcraiy, e.g. pp. 327 «{ teq. ; K. Th. Belnbold, Arbeit und Werkteug, cb. X. (particularly pp. 190-1U8) andch. XL (particularly pp. 221-2401.

for detail bargaining in this respect recur. So alao as regards the purchase of consumable goods. In the cities and industrial towns, particularly, the supplying of the means of subsistence has, in great part, become a matter of routine. Retail prices are in an increasing degree fixed by the seller, and in great measure fixed in an impersonal way. This occiu-s in a particularly evident and instructive

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