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By Thorstein Veblen,Jr. Marion Levy

Absentee possession is an inquiry into the commercial scenario because it has taken form within the 20th century, quite as exemplified in terms of the USA. in accordance with Thorstein Veblen, absentee possession is the most and speedy controlling curiosity within the lifetime of civilized males. it's the paramount factor among the civilized countries, and courses the behavior in their affairs at domestic and out of the country. global warfare I, says Veblen, arose out of a clash of absentee pursuits and the peace used to be negotiated for you to stabilize them. half I of the e-book is excited about a precis description of that diversity of financial situations and that series of monetary development and alter that led up throughout the 19th century and feature come to a head within the 20th century. half II is an aim, theoretical research of these fiscal situations defined within the first a part of the booklet. Marion Levy writes in his creation concerning the word "absentee possession" and the way it has a distinct connotation, representing a dismal determine within the financial system, a frustration of wanted degrees of self-sufficiency. within the early days, the giants of industrial company had faces--Rockefeller, Vanderbilt, Ford, Edison--but all of them became faceless bureaucracies, says Levy. The giants would possibly not were great, yet that they had faces and human characteristics. Absentee possession wiped that out for the typical guy. Veblen's publication is still of important value to the reports of economics, political concept, and sociology.

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Absentee Ownership: Business Enterprise in Recent Times - The Case of America by Thorstein Veblen,Jr. Marion Levy


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