Purpose – The paper aims to point out that the seemingly new and novel has ancient historical precedents. Design/methodology/approach – This is an interpretive essay. It begins with an historical examination of the role of entrepreneurship in the economy and points out that its function has...

The essay is a short analysis of the place of economic theory in the general social order. There is nothing strange and peculiar about its place. It rather fits in perfectly and is providing an exceptionally useful function in the social order.

Purpose – The paper aims to offer a viewpoint that economic surplus is a notion shared by economists as diverse as Karl Marx and Milton Friedman. Design/methodology/approach – The paper is an interpretation and critique of the literature of the work by Marx and Friedman. Findings – The...

Purpose – To respond to a criticism of an earlier paper. Design/methodology/approach – The approach is the statement of a counter argument. Findings – Positive if argument is convincing to readers. Originality/value – This reply is of interest to readers.

Thorstein Veblen's ideas regarding capitalism, particularly as expressed through his view of the American upper classes of the time, are examined. The work of Veblen himself, as well as other, later economic theorists, is discussed. Particular attention is paid to how Veblen's ideas can be...

The paper is a philosophical discourse on capitalism and its intellectual rationalization, economic theory. Both blithely ignore the most fundamental character of the human condition. Both may pay a price: capitalism through being replaced by an alternative economic system and economic theory...

The essay, “inventions, capitalist wealth and liberal think” is a philosophical discourse. It points out a similarity between aristocratic and capitalist wealth. Both arise out of the receipt of producer surplus. The sources of producer surplus are somewhat different. For the aristocracy,...

The essay is a short analysis of the place of economic theory in the general social order. There is nothing strange and peculiar about its place. It rather fits in perfectly and is providing an exceptionally useful function in the social order.

Thorstein Veblen's ideas regarding capitalism, particularly as expressed through his view of the American upper classes of the time, are examined. The work of Veblen himself, as well as other, later economic theorists, is discussed. Particular attention is paid to how Veblen's ideas can be...

Purpose – The paper aims to point out that the seemingly new and novel has ancient historical precedents. Design/methodology/approach – This is an interpretive essay. It begins with an historical examination of the role of entrepreneurship in the economy and points out that its function has...