- List of Figures
- List of Tables
- Notes on Contributors
- Introduction: A Social Science which Forgets its Founders is Lost
- The Value of the Classics
- Tocqueville as a Pioneer In Organization Theory
- Marx and Organization Studies Today
- It's Not Just for Communists Any More: Marxian Political Economy and Organizational Theory
- Weber: Sintering the Iron Cage Translation, Domination, and Rationality Stewart Clegg
- Max Weber and the Ethics of Office
- On Organizations and Oligarchies: Michels in the Twenty-First Century
- How Durkheim's Theory of Meaning‐making Influenced Organizational Sociology
- A Durkheimian Approach to Globalization
- Gabriel Tarde and Organization Theory
- Georg Simmel: The Individual and the Organization
- Types and Positions: The Significance of Georg Simmel's Structural Theories for Organizational Behavior
- Schumpeter and the Organization of Entrepreneurship
- Norbert Elias's Impact on Organization Studies
- Thorstein Veblen And The Organization of the Capitalist Economy
- The Sociology of Race: The Contributions of W. E. B. Du Bois
- Organizations and the Chicago School
- After James on Identity
- Reading Dewey: Some Implications for the Study of Routine
- Mary Parker Follett and Pragmatist Organization
- Peopling Organizations: The Promise of Classic Symbolic Interactionism for an Inhabited Institutionalism
- John R. Commons: Back to the Future of Organization Studies
- The Problem of the Corporation: Liberalism and the Large Organization
- Bureaucratic Theory and Intellectual Renewal in Contemporary Organization Studies
- The Columbia School and the Study of Bureaucracies: Why Organizations Have Lives of their Own
- Parsons as an Organization Theorist
- Sociological Classics and the Canon in the Study of Organizations
Abstract and Keywords
This article emphasizes three of Veblen's most important observations about early twentieth-century capitalism: an interpretation of economic development as the evolution of economic institutions; the importance of consumption, and of factors that drive consumption, for capitalist growth; and the recurring organizational (and ideological) tension between ‘industrial arts and craftsmanship’, on the one hand, and ‘business strategies and salesmanship’, on the other hand. The article then shows how Veblen's insights of a century ago are, if anything, more useful today than they were when he first wrote them. Here the article stresses, in reverse order: the importance of analyzing firms as both producers of goods and services (industrial arts and craftsmanship) and market makers (business strategies and salesmanship); the significance of consumer goods markets for driving contemporary capitalism; and the need to revise economic and sociological theories of capitalism and business enterprise towards Veblen's developmental conception of cumulative causation and away from approaches having equilibrium or productionist biases.
Gary G. Hamilton is Professor at the Department of Sociology and The Jackson School of International Studies, University of Washington, US.
Misha Petrovic (Ph.D., Sociology, University of Washington, Seattle, 2005) is Assistant Professor in the Department of Sociology, National University of Singapore, where he teaches classical and contemporary social theory. His primary research interests are in economic sociology, social theory, and globalization, and his most recent research deals with the development of consumer goods markets in China.
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