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Book
The Engineers and the Price System
Thorstein Veblen
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1 mention · 1 episode · 1 podcast
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“The book is mentioned in relation to Veblen's theories about engineers seizing power from financiers, predicting that engineers would rule the economy due to their understanding of technology.”
Sentiment: Deep Dive
Trigger: engineers and economic power
For: Individuals interested in economic theory and the role of technology in society.
Key quote: “Back in 1921 veblen had predicted that engineers would one day rule the US economy.”
The host discusses Thorstein Veblen's insights from 'The Engineers and the Price System' to illustrate the evolving dynamics of power in the economy, particularly the shift from financiers to engineers. This context is tied to the narrative of Jim Clark, highlighting how engineers are increasingly recognized for their role in wealth creation.
