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(More customer reviews)Absentee Ownership is Veblen's attempt to explain the case of American business after World War II and prior to the great depression, which he unfortunately did not live to see. The book reads like a warning for the crash which came a few years after its publication. Veblen charts the rise and fall of the Captain of Indusrty, talks about the sabatoge of entrepreneurs, and other topics relevant to anyone who is interested in economics or sociology. The downside is Veblen's intensely dry writing style, which takes a bit of getting used to and slows down the speed of the reading a great deal. I would recommend at least a basic knowledge of laissez-faire capitalism before attempting this book.
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Veblen's last work provides a sober summation of his teaching in which he concluded that the forces of business-as-usual and of national integrity were steadily coalescing and that the continued supremacy of business nationalism would likely lead to a renewal of despotism. "In many ways sums up most effectively his economic analysis." W.C. Mitchell Types of Economic Theory, II. "Perhaps his greatest book." International Encyclopedia of the Social Sciences--This text refers to an out of print or unavailable edition of this title.
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