La Theory of Business Enterprise di Thorstein Veblen e la sua rilevanza per i problemi attuali

Arturo Hermann

Il Pensiero Economico Moderno, 2015, vol. 35, issue 1-2, 61-90

Abstract: In the article we analyse the main aspects of Veblen’s book, “The Theory of Business Enterprise”. In such book important elements of modern corporations are investigated, which are relevant also in our days: (i) the tendency of capitalist system to push business enterprises towards short term profitability often at the expense of serviceability; (ii) The relevance of credit creation for the competitive advantage of firms and for the dynamics of business cycles; (iii) the growing importance of speculative motive in the behaviour of firms and of single managers, which fuels, together with the behaviour of the banking system, the financialisation of the system.

Keywords: Theories of Business Enterprises; Credit Creation; Business Cycles; Financialisation (search for similar items in EconPapers)
JEL-codes: B15 D21 E32 P12 (search for similar items in EconPapers)
Date: 2015
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