Absentee Ownership.

£250 · Offered by Maggs Bros Ltd

One of Veblen’s final works, originally published in America in the previous year, in which he targeted ‘the predation and waste of the corporate capitalist order. Writing in a more polemical style than before, Veblen endorsed the dispossession of absentee owners and business-minded executives from the American corporation’ (Rick Tilman, ‘Thorstein Veblen’ in A Biographical Dictionary of Dissenting Economists, p. 699). Veblen concluded ‘that the forces of business-as-usual and of national integrity were steadily coalescing ‘by night and cloud’ and that the continued supremacy of business nationalism would probably lead to a renewal of the servile despotism characteristic of earlier epochs’ (IESS).

• Year: 1924

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