CodalSearch this book — or all of Codal…⌘K
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.

Page 353 of 422
Table of Contents

The Theory Of Business Enterprise

CIVILIZATION AND THE MACHINE PROCftSS 3.37

advanced induatrial peoples. No other cultural phenomenon is so threatening to the received economic and political structure ; none is so unprecedented or so perplexing for practical men of affairs to deal with. The immediate point of danger in the socialistic disaffection b a growing disloyalty to the natural-rights institution of property, but this is backed by a similar failure of regard for other articles of the institutional furniture handed down from the past. The classes affected with socialistic vagaries protest against the existing economic organization, but they are not necessarily averse to a somewhat rigorous economic organization on new lines of their own choosing. They demand an organization on industrial as contrasted with business lines. Their sense of economic solidarity does not seem to be defective, indeed it seems to many of their critics to be unnecessarily pronounced ; but it runs on lines of industrial coherence and mechanical constraint, not on lines given by pecuniary conjunctures

353