Quotessence
Home / Quotes / Quote by Thorstein Veblen

Quote by Thorstein Veblen

Work

Absentee Ownership: Business Enterprise in Recent Times : the Case of America

Absentee Ownership: Business Enterprise in Recent Times : the Case of America delves into the dynamics of corporate governance where owners are not actively involved in day-to-day management. The book analyzes the impact of this ownership model on the functioning of American businesses, exploring various aspects such as decision-making processes, financial performance, and long-term sustainability. more

Author

Thorstein Veblen
Thorstein Veblen

Thorstein Veblen was an American economist known for his sociological perspective on economics and his critical analysis of economic theories. His work, 'The Theory of the Leisure Class,' had a profound impact on later economics and sociology. more

You May Also Like

“All business sagacity reduces itself in the last analysis to judicious use of sabotage.”

“The basis on which good repute in any highly organized industrial community ultimately rests is pecuniary strength; and the means of showing pecuniary strength, and so of gaining or retaining a good name, are leisure and a conspicuous consumption of goods.”

“With the exception of the instinct of self-preservation, the propensity for emulation is probably the strongest and most alert and persistent of the economic motives proper. In an industrial community this propensity for emulation expresses itself in pecuniary emulation; and this, so far as regards the Western civilized communities of the present, is virtually equivalent to saying that it expresses itself in some form of conspicuous waste.”