Veblen wrote about how producers of goods engage in the conscientious withdrawal of efficiency to ensure future markets for their goods. How does that principle impact capitalism in the US today? How does that principle impact social structures and social relationships? Address how this idea has impacted how our political institutions have developed. Address possible futures that breaks away from this principle, what changes would be necessary?
Source: Edles, L. D. & Appelrouth, S. (2021) Sociological theory in the classical era: Text and readings, 4th ed. Pine Forge Press, Thousand Oaks, CA.
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