The Engineers and the Price System

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The book presents Thorstein Veblen's innovative perspective on the role of engineers in societal change, suggesting they, rather than workers, would lead the overthrow of capitalism. Veblen's vision intertwines technological progress with a shift towards socialism, viewing it as a transitional phase in an ongoing evolutionary process. His ideas diverge from Karl Marx's, as he emphasizes the natural decline of the business enterprise system and the creative power of engineers in shaping economic organization. This reprint of the 1921 edition captures Veblen's influential theories.