The Engineers and the Price System

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Overview

In his The Engineers and the Price System, originally published in 1921, Veblen observes that World War One demanded industrial innovations, and he was among the first to predict the need for changes in managerial struc­ture. Veblen saw that industrial output was more dependent upon techno­crats—managers and capital innova­tors—than financiers.

In The Engineers and the Price System, Veblen applies economic theory to modern industrial society. He demon­strates that revolutionary change can be advanced by managers and engi­neers upon whose "brains and skills" the state of industrial arts depends.

In his uniquely comprehensive in­troduction, Daniel Bell discusses the associations and attitudes which mark Veblen as the prophetic outsider he remained most of his life.

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Product Details

  • ISBN-13: 9780878559152
  • Publisher: Transaction Publishers
  • Publication date: 1/1/1982
  • Series: Social Science Classics Series
  • Edition description: New Edition
  • Pages: 160
  • Product dimensions: 6.00 (w) x 9.00 (h) x 0.37 (d)

Meet the Author

Thorstein Veblen (1857-1929) was perhaps the most famous American economist and social critic of his time. He taught at the universities of Chicago and Missouri, Stanford University, and the New School for Social Research. His many books include The Theory of Business Enterprise, The Higher Learning in America, and The Theory of the Leisure Class, all available from Transaction.

Daniel Bell (1919-2011) was professor emeritus of sociology at Harvard University and is best known for his work and contributions to post-industrialism. He had been editor of the publications The New Leader, Fortune, and The Public Interest. He is the author of The End of Ideology, The Winding Passage: Sociological Essays and Journeys, and The Social Sciences since the Second World War.

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