JH:
At any rate, much of the concept of capital investment
and such abstractions lose any reason to exist without
a passively operating consuming class which dominates
the developed world.
Excellent observation but . . . that is EXACTLY what has *already*
happened!
The *effect* of
Thanks to Keith for the brilliant recap of Veblen's Business Enterprise
(which is definitely the foundation behind The Engineers and the Price
System). For anyone who hasn't read Veblen, Keith's choice phrases
occasionally quoted in parentheses are there as a writer's homage to one
of the
