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Selected Works of John B. Hall
Article
Veblen's Predator and the Great Crisis
Journal of Economic Issues (2012)
  • John B Hall, Professor, Portland State University
  • Iciar Dominguez-Lacasa, Halle Institute for Economic Research
  • Jutta Günther, Halle Institute for Economic Research
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Abstract
With this inquiry we attribute cause for the current and "Great Crisis" to Veblen's predator. After summarizing origins and manifestations of this crisis we juxtapose Veblen's emphasis upon the predator to other potential causes for crisis and crises. Noted to have emerged when our stock of human knowledge provided for the creation of surplus, Veblen's predator is presented as capable of metamorphosis and also driving evolution of our capitalistic system: whether this means emerging as the businessman in the "era of the machine," or the investment banker promoting a financial metaphysics in the current "era of finance."
Keywords
  • Crisis theory
Disciplines
Publication Date
2012
Publisher Statement
Copyright (2012) Taylor & Francis
Citation Information
Hall, J., Dominguez-Lacasa, I., & Günther, J. (2012). Veblen's predator and the great crisis. Journal of Economic Issues, 46(2), 411-418.