Quotes from book
The Theory of Business Enterprise

Name: The Theory of Business Enterprise
Author: Thorstein Veblen

Thorstein Veblen

The Theory of Business Enterprise is an economics book by Thorstein Veblen published in 1904 that looks at the growing corporate domination of culture and the economy.

“[Darwin’s] inquiry characteristically confines itself to the process of cumulative change. His results, as well as his specific determination of the factors at work in this process of cumulative change, have been questioned; perhaps they are open to all the criticisms levelled against them as well as a few more not thought of; but the scope and method given to scientific enquiry by Darwin and the generation whose spokesman he is has substantially not been questioned, except by that diminishing contingent of the faithful”

Thorstein Veblen book The Theory of Business Enterprise

Source: The Theory of Business Enterprise, 1904, p. 370

“In common with other men, the business man is moved by ideals of serviceability and an aspiration to make the way of life easier for his fellows… Motives of this kind detract from business efficiency, and an undue yielding to them on the part of business men is to be deprecated as an infirmity. Still, throughout men's dealings with one another and with the interests of the community there runs a sense of equity, fair dealing, and workmanlike integrity.”

Thorstein Veblen book The Theory of Business Enterprise

Source: The Theory of Business Enterprise, 1904, p. 41-42. as cited in: Geoffrey Hodgson (2004). The Evolution of Institutional Economics. p. 202

“The machine process pervades the modern life and dominates it in a mechanical sense. Its dominance is seen in the enforcement of precise mechanical measurements and adjustment and the reduction of all manner of things, purposes and acts, necessities, conveniences, and amenities of life, to standard units.”

Thorstein Veblen book The Theory of Business Enterprise

Source: The Theory of Business Enterprise, 1904, p. 306

“Without much preliminary exposition and without feeling himself to be out of touch with his contemporaries, Darwin set to work to explain species in terms of the process out of which they have arisen, rather than out of the prime cause to which the distinction between them may he due.”

Thorstein Veblen book The Theory of Business Enterprise

Source: The Theory of Business Enterprise, 1904, p. 369

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