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La Theory of Business Enterprise di Thorstein Veblen e la sua rilevanza per i problemi attuali

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  • Arturo Hermann

    (ISTAT Istituto Nazionale di Statistica)

Abstract

In the article we analyse the main aspects of Veblen’s book, “The Theory of Business Enterprise”. In such book important elements of modern corporations are investigated, which are relevant also in our days: (i) the tendency of capitalist system to push business enterprises towards short term profitability often at the expense of serviceability; (ii) The relevance of credit creation for the competitive advantage of firms and for the dynamics of business cycles; (iii) the growing importance of speculative motive in the behaviour of firms and of single managers, which fuels, together with the behaviour of the banking system, the financialisation of the system.

Suggested Citation

  • Arturo Hermann, 2015. "La Theory of Business Enterprise di Thorstein Veblen e la sua rilevanza per i problemi attuali," Il Pensiero Economico Moderno, University of Camerino, School of Law, vol. 35(1-2), pages 61-90, January-A.
    • Handle: RePEc:aiq:jrnlpe:v:35:y:2015:i:1-2:p:61-90
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    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. Geoffrey M. Hodgson & Warren J. Samuels & Marc R. Tool (ed.), 1994. "The Elgar Companion to Institutional and Evolutionary Economics," Books, Edward Elgar Publishing, volume 0, number 228.
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    More about this item

    Keywords

    Theories of Business Enterprises; Credit Creation; Business Cycles; Financialisation;
    All these keywords.

    JEL classification:

    • B15 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Historical; Institutional; Evolutionary
    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • P12 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Enterprises

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