IDEAS home Printed from https://ideas.repec.org/p/uta/papers/2011_11.html
   My bibliography  Save this paper

Thorstein Veblen: A Marxist Starting Point

Author

Listed:
  • Kirsten Ford
  • William McColloch

Abstract

As existing literature attests, in spite of methodological differences Marx and Veblen draw strikingly similar conclusions regarding production, conflict, and alienation in modern existence. We here attempt to establish that similarity in conclusion stems from similarity in approach. After reviewing the existing literature on a Marx-Veblen methodological reconciliation, we recapitulate Marxs method, making the mediated starting point the locus of discussion.From this vantage point, we then examine Veblens own approach to analysis in The Theory of Business Enterprise and the conclusions that emerge as they resemble those of Marx. In taking a kindred approach Veblen is able to arrive at an understanding of capitalism in accordance with, and complementary to, Marxs rendering of the inverted nature of economic life in modernity.

Suggested Citation

  • Kirsten Ford & William McColloch, 2011. "Thorstein Veblen: A Marxist Starting Point," Working Paper Series, Department of Economics, University of Utah 2011_11, University of Utah, Department of Economics.
    • Handle: RePEc:uta:papers:2011_11
    as

    Download full text from publisher

    File URL: http://economics.utah.edu/research/publications/2011_11.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Veblen, Thorstein, 1904. "Theory of Business Enterprise," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, number veblen1904.
    2. John F. Henry & L. Randall Wray, 1998. "Economic Time," Macroeconomics 9811004, University Library of Munich, Germany.
    3. Thorstein Veblen, 1906. "The Socialist Economics of Karl Marx and his Followers," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 20(4), pages 575-595.
    4. Stephen Edgell & Jules Townshend, 1993. "Marx and Veblen on Human Nature, History, and Capitalism: Vive la Différence!," Journal of Economic Issues, Taylor & Francis Journals, vol. 27(3), pages 721-739, September.
    5. Howard sherman, 1981. "Marx and Determinism," Journal of Economic Issues, Taylor & Francis Journals, vol. 15(1), pages 61-71, March.
    6. Joseph E. Pluta & Charles G. Leathers, 1978. "Veblen and Modern Radical Economics," Journal of Economic Issues, Taylor & Francis Journals, vol. 12(1), pages 125-146, March.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Parada, Jairo, 2008. "Post-Keynesian Theory of Business Enterprise and the Veblenian´s Approach: Are there commonalities?," MPRA Paper 16768, University Library of Munich, Germany, revised 10 Jul 2008.
    2. Theofanis Papageorgiou & Ioannis Katselidis & Panayotis G. Michaelides, 2013. "Schumpeter, Commons, and Veblen on Institutions," American Journal of Economics and Sociology, Wiley Blackwell, vol. 72(5), pages 1232-1254, November.
    3. Bahar Araz Takay & Derya Güler Aydın, 2014. "What If Marx And Veblen Met…," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 59(202), pages 131-156, July – Se.
    4. Eirini Andriopoulou & Panos Tsakloglou, 2015. "Once Poor, Always Poor? Do Initial Conditions Matter? Evidence from the ECHP," Research on Economic Inequality, in: Measurement of Poverty, Deprivation, and Economic Mobility, volume 23, pages 23-70, Emerald Group Publishing Limited.
    5. Cohen, Joseph N., 2008. "Managing the Faustian bargain: monetary autonomy in the pursuit of development in Eastern Europe and Latin America," MPRA Paper 22435, University Library of Munich, Germany.
    6. Tae-Hee Jo, 2013. "Saving Private Business Enterprises," American Journal of Economics and Sociology, Wiley Blackwell, vol. 72(2), pages 447-467, April.
    7. Fédéric Holm-Hadulla & Kirstin Hubrich, 2017. "Macroeconomic Implications of Oil Price Fluctuations : A Regime-Switching Framework for the Euro Area," Finance and Economics Discussion Series 2017-063, Board of Governors of the Federal Reserve System (U.S.).
    8. Aliyu, Shehu Usman Rano & Yakub, Ma'aji Umar & Sanni, Ganiyu Kayode & Duke, Omolara, 2009. "Exchange Rate Pass-through in Nigeria: Evidence from a Vector Error Correction Model," MPRA Paper 25053, University Library of Munich, Germany, revised 29 Mar 2010.
    9. Richard Nielsen, 2013. "Whistle-Blowing Methods for Navigating Within and Helping Reform Regulatory Institutions," Journal of Business Ethics, Springer, vol. 112(3), pages 385-395, February.
    10. Cohen, Joseph N, 2010. "Neoliberalism’s relationship with economic growth in the developing world: Was it the power of the market or the resolution of financial crisis?," MPRA Paper 24527, University Library of Munich, Germany.
    11. Jack High, 2011. "Dr. Anderson and the Austrians: Price formation as a cumulative process," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 24(2), pages 199-211, June.
    12. Valentinov, Vladislav, 2023. "Stakeholder theory: Toward a classical institutional economics perspective," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 188(1), pages 75-88.
    13. Benchimol, Jonathan & Ivashchenko, Sergey, 2021. "Switching volatility in a nonlinear open economy," Journal of International Money and Finance, Elsevier, vol. 110(C).
    14. Jérôme Creel & Éloi Laurent & Jacques Le Cacheux, 2007. "Politiques et performances macroéconomiques de la zone euro. Institutions, incitations, stratégies," Revue de l'OFCE, Presses de Sciences-Po, vol. 0(3), pages 249-281.
    15. Geoffrey M. Hodgson, 2003. "Darwinism and Institutional Economics," Journal of Economic Issues, Taylor & Francis Journals, vol. 37(1), pages 85-97, March.
    16. Alexander Antony Dunlap, 2015. "The Expanding Techniques of Progress: Agricultural Biotechnology and UN-REDD+," Review of Social Economy, Taylor & Francis Journals, vol. 73(1), pages 89-112, March.
    17. Sebastian Gechert, 2015. "What fiscal policy is most effective? A meta-regression analysis," Oxford Economic Papers, Oxford University Press, vol. 67(3), pages 553-580.
    18. Yochanan Shachmurove, 2012. "Failing Institutions Are at the Core of the U.S. Financial Crisis," PIER Working Paper Archive 12-040, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
    19. Lee, Frederic, 2011. "Old controversy revisited: pricing, market structure, and competition," MPRA Paper 30490, University Library of Munich, Germany.
    20. Alexis Penot & Grégory Levieuge, 2009. "The Fed and the ECB: why such an apparent difference in reactivity?," Journal of Financial Economic Policy, Emerald Group Publishing Limited, vol. 1(4), pages 319-337, November.

    More about this item

    Keywords

    Marxism; Institutionalism; History of Economic Thought: Individuals; Economic Methodology: General JEL Codes: B140; B150; B300; B400;
    All these keywords.

    JEL classification:

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:uta:papers:2011_11. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/deuutus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.