The Engineers and the Price System

In "The Engineers and the Price System," Thorstein Veblen presents a critical examination of the role of engineering in modern society and the economic systems that govern it. Written in the early 20th century, Veblen employs his distinctive blend of social criticism and economic theory to argue that engineers, as the bearers of technological innovation, are often undermined by the prevailing price system that prioritizes profit over societal advancement. His incisive prose and satirical approach illuminate the disconnect between technological capabilities and the constraints imposed by outdated economic ideologies, challenging readers to reconsider the relationship between expertise and the marketplace. Thorstein Veblen (1857-1929) was a prominent American economist and sociologist known for his critical analysis of capitalist society. His background in both the social sciences and philosophy, coupled with his deep engagement in contemporary industrial issues, led him to champion the role of engineers in shaping a more cooperative and less profit-driven economy. Veblen‘s disillusionment with the capitalist system arose from observing how it stifles innovation and places value on status rather than utility, a perspective that is vividly articulated in this work. This book is indispensable for readers interested in the intersections of technology, economy, and social progress. Veblen‘s thought-provoking arguments resonate in today‘s discourse on innovation and economic practices, making it a vital read for economists, sociologists, and anyone curious about the future role of technology in society.