PrefaceInrespecttoitspointofdeparture，thefollowinginquiryintothenature，causes，utility，andfurtherdriftofbusinessenterprisediffersfromotherdiscussionsofthesamegeneralrangeoffacts。Anyunfamiliarconclusionsareduetothischoiceofapointofview，ratherthantoanypeculiarityinthefacts，articlesoftheory，ormethodofargumentemployed。Thepointofviewisthatgivenbythebusinessman’swork，——theaims，motives，andmeansthatconditioncurrentbusinesstraffic。Thischoiceofapointofviewisitselfgivenbythecurrenteconomicsituation，inthatthesituationplainlyisprimarilyabusinesssituation。

　　Amuchmoreextendedanddetailedexaminationoftheramificationsandconsequencesofbusinessenterpriseandbusinessprincipleswouldfeasible，andshouldgiveinterestingresults。Itmightconceivablyleadtosomethingofarevisionmodernizationofmorethanonepointinthecurrentbodyofeconomicdoctrines。Butitshouldapparentlyprovemoreparticularyinterestingifitwerefollowedupatlargeinthebearingofthismodernforceuponculturalgrowth，apartfromwhatisofimmediateeconomicinterest。Thisculturalbearingofbusinessenterprise，however，belongsratherinthefieldofthesociologistthaninthatoftheprofessedeconomist；sothatthepresentinquiry，initslaterchapters，sinsratherbyexceedingthelegitimateboundsofeconomicdiscussiononthisheadthanbyfallingshortofthem。Inextenuationofthisfaultitissaidthatthefeaturesofgeneralculturetoucheduponinthesechaptersbeartoointimatelyontheeconomicsituationpropertoadmittheirbeingleftentirelyononeside。

　　Ofthechaptersincludedinthevolume，thefifth，onLoanCredit，istakenwithoutsubstantialchange，fromVolumeIVoftheDecennialPublicationsoftheUniversityofChicago，whereitappearsasamonograph。

　　TheTheoryofBusinessEnterprisebyThorsteinVeblen

　　ChapterOneIntroductoryThematerialframeworkofmoderncivilizationistheindustrialsystem，andthedirectingforcewhichanimatesthisframeworkisbusinessenterprise。Toagreaterextentthananyotherknownphaseofculture，modernChristendomtakesitscomplexionfromitseconomicorganization。Thismoderneconomicorganizationisthe“CapitalisticSystem“or“ModernIndustrialSystem，“socalled。Itscharacteristicfeatures，andatthesametimetheforcesbyvirtueofwhichitdominatesmodernculture，arethemachineprocessandinvestmentforaprofit。

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