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By Thorstein Veblen,Jr. Marion Levy

Absentee possession is an inquiry into the industrial scenario because it has taken form within the 20th century, relatively as exemplified when it comes to the United States. in accordance with Thorstein Veblen, absentee possession is the most and instant controlling curiosity within the lifetime of civilized males. it's the paramount factor among the civilized international locations, and courses the behavior in their affairs at domestic and in another country. global struggle I, says Veblen, arose out of a clash of absentee pursuits and the peace used to be negotiated so that it will stabilize them. half I of the publication is fascinated by a precis description of that variety of monetary conditions and that series of monetary progress and alter that led up during the 19th century and feature come to a head within the 20th century. half II is an target, theoretical research of these fiscal situations defined within the first a part of the ebook. Marion Levy writes in his advent concerning the word "absentee possession" and the way it has a distinct connotation, representing a dismal determine within the financial system, a frustration of wanted degrees of self-sufficiency. within the early days, the giants of commercial firm had faces--Rockefeller, Vanderbilt, Ford, Edison--but all of them changed into faceless bureaucracies, says Levy. The giants would possibly not were great, yet they'd faces and human characteristics. Absentee possession wiped that out for the typical guy. Veblen's booklet is still of important value to the stories of economics, political thought, and sociology.

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