Veblen and technical efficiency. (economist Thorstein Veblen): An article from: Journal of Economic Issues

This digital document is an article from Journal of Economic Issues, published by Association for Evolutionary Economics on December 1, 1997. The length of the article is 7817 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: Economist Thorstein Veblen advocated a technical rather than a cost-based definition of efficiency in the industry. His definition of technical efficiency had its roots in engineering in which interdependent mechanized production systems work in harmony in an efficient manner. Veblen's views on technical efficiency were largely influenced by Frederick Winslow Taylor, whose followers proposed increasing industrial output rather than reducing costs to achieve efficiency. Like Taylor, Veblen emphasized the role of engineers in promoting technical efficiency.

Citation Details
Title: Veblen and technical efficiency. (economist Thorstein Veblen)
Author: Janet T. Knoedler
Publication:Journal of Economic Issues (Refereed)
Date: December 1, 1997
Publisher: Association for Evolutionary Economics
Volume: v31 Issue: n4 Page: p1011(16)

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