Absentee Ownership and Its Discontents: Critical Essays on

Absentee Ownership and Its Discontents: Critical Essays on Essays presented at the International Thorstein Veblen Association conference in IstanbulVeblen, Capitalism and Possibilities for a Rational Economic Order Quotes below from the book Most American economists in the early th century studied in Germany and were taught that John Stuart Mill sPrinciples of Political Economy was the high water mark of classical thought However, Mill s reformist philosophy turned out to be not a goal but a half way house toward the Progressive Era s reforms generally the s to s following the excesses of The Guilded Age But the classical approach to political economy continued to evolve, above all through Thorstein Veblen Michael Hudson The Veblenian critique calls for anger, but not despair On the political front, his critique of the social order has helped move three generations to take political action against it first the New Dealers of the s and s, next the counterculture youth of the s and the s and now the egalitarian protesters of the New Millennium So far they have failed and the stakes have increased after each failure William M Dugger Foreword


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