Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/64465
Authors: 
Ford, Kirsten
McColloch, William
Year of Publication: 
2011
Series/Report no.: 
Working Paper, University of Utah, Department of Economics 2011-11
Abstract: 
As existing literature attests, in spite of methodological differences Marx and Veblen draw strikingly similar conclusions regarding production, conflict, and alienation in modern existence. We here attempt to establish that similarity in conclusion stems from similarity in approach. After reviewing the existing literature on a Marx-Veblen methodological reconciliation, we recapitulate Marx's method, making the mediated starting point the locus of discussion. From this vantage point, we then examine Veblen's own approach to analysis in The Theory of Business Enterprise and the conclusions that emerge as they resemble those of Marx. In taking a kindred approach Veblen is able to arrive at an understanding of capitalism in accordance with, and complementary to, Marx's rendering of the inverted nature of economic life in modernity.
Subjects: 
Marxism
Institutionalism
History of Economic Thought: Individuals
Economic Methodology: General
JEL: 
B14
B15
B30
B40
Document Type: 
Working Paper

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