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Veblen's Predator and the Great Crisis

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Author Info

  • John Hall
  • Iciar Dominguez-Lacasa
  • Jutta Gnther

Abstract

With this inquiry we attribute cause for the current and "Great Crisis" to Veblen's predator. After summarizing origins and manifestations of this crisis we juxtapose Veblen's emphasis upon the predator to other potential causes for crisis and crises. Noted to have emerged when our stock of human knowledge provided for the creation of surplus, Veblen's predator is presented as capable of metamorphosis and also driving evolution of our capitalistic system: whether this means emerging as the businessman in the "era of the machine," or the investment banker promoting a financial metaphysics in the current "era of finance."

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File URL: http://mesharpe.metapress.com/link.asp?target=contribution&id=R7233U4272201555
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Bibliographic Info

Article provided by M.E. Sharpe, Inc. in its journal Journal of Economic Issues.

Volume (Year): 46 (2012)
Issue (Month): 2 (June)
Pages: 411-418

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Handle: RePEc:mes:jeciss:v:46:y:2012:i:2:p:411-418

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Web page: http://www.mesharpe.com/mall/results1.asp?acr=jei

Related research

Keywords: crisis theory; financial process; predator; Thorstein Veblen; William Dugger;

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Cited by:
  1. Valentinov, Vladislav, 2014. "K. William Kapp's theory of social costs: A Luhmannian interpretation," Ecological Economics, Elsevier, vol. 97(C), pages 28-33.

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