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"Veblen on universities"

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Anonymous Anonymous said...

Thank you for posting this amazing lucid moment of Veblen’s.

Business people are like the colonizing British.

They arrive in India. No one is having tea in the afternoon or closely imitating the British. They feel: These people are barbarians! They need us to take them, their real estate and their culture over and CIVILIZE them!

They arrive in Ireland. No one salutes the Queen or sings Rule, Britannia. They feel: These people are barbarians! They need us to take them, their real estate and their culture over and CIVILIZE them!


They arrive in the New World, the early US. No one is having tea in the afternoon or closely imitating the British. They feel: These people are barbarians! They need us to take them, their real estate and their culture over and CIVILIZE them!

They are blind to culture unless it is their own.

They are pathological narcissists.

Until they reduce the world to dreary Dilbert cartoons, they cannot rest.

Even then they pursue profit in the universal style of addicts, insatiably and by letting profiteering take over all real value, even, particularly insanely, the worth of the planet itself.

Seeing that Veblen saw this so long ago, and how far and to what desperate straits this disease process has advanced, might strengthen opposition to it, our only chance to slow it down and in time arrest it and resume the work of sanity and health.

So again, thank you for posting this and thanks to Mark Thoma for linking it to Economists View.

November 30, 2012 at 6:20 AM

Blogger Jay Livingston said...

I remember that decades ago when I was an undergrad, a professor told us that Veblen had originally wanted to give "The Higher Learning in America" the subtitle, "A Study in Total Depravity." I also think I heard somewhere that students avoided Veblen's courses because he mumbled and was hard to even hear much less understand. I have no idea if either of these factoids is true.

November 30, 2012 at 10:17 AM

Blogger Will said...

Thank you, Daniel Little, for giving some attention to Veblen's analysis. It is to the detriment of academics and economics that he is so little assigned and discussed.

December 1, 2012 at 8:44 PM

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