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Review of Radical Political Economics
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Wither Business Ideology: Revisiting Veblen's Theory of Engineers as Revolutionary Actors

Ahmet Öncü

Sabanci Üniversitesi, Faculty of Management, Orhanli Tuzla 34956, Istanbul, Turkey, aoncu{at}sabanciuniv.edu.tr

Each major work of Veblen is a theoretical step taken further towards the solution of the problem already posed in The Theory of the Leisure Class: the continuity of the habit of invidious comparison that renders humans self-centric agents. Veblen, by juxtaposing "engineers" to the pecuniary class, sought to illustrate a contingency for the negation of invidious comparison, which may eradicate the legitimacy of business ideology and its reckless and futile end of accumulation of personal wealth.

Key Words: Veblen • ideology • institutional economics

This version was published on June 1, 2009

Review of Radical Political Economics, Vol. 41, No. 2, 196-215 (2009)
DOI: 10.1177/0486613409331431


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