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VEBLEN, Thorstein.

Absentee Ownership and Business Enterprise in Recent Times. The Case of America.

New York: B. W. Huebsch, Inc., 1923 Stock Code: 113346
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Presentation copy

First edition, presentation copy, inscribed by the author on the front free endpaper, "To Isaac A. Hourwich and days of auld lang syne. Thorstein Veblen." Hourwich (1860-1924) was a Lithuanian scholar, activist and Debsian socialist who participated in various radical Socialist movements in Russia and Belarus before emigrating to the U.S. in 1890 to avoid Russian imprisonment. Between 1892 and 1893, Hourwich taught statistics at the University of Chicago and throughout the remainder of his life he engaged in various socialist parties and labour unions. Absentee Ownership is Veblen's most caustic work, a discussion of the need for advertising and salesmanship in modern business, with a sly dig at Christianity, where he describes Propaganda of the Faith as "quite the largest, oldest, most magnificent, most unabashed, and most lucrative enterprise in sales-publicity in all Christendom" (p. 319).

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Octavo. Publisher's green ribbed cloth, titles to spine gilt, blindstamp roll border and publisher's imprint to front board.


Spine ends and corners worn, a few faint marks and indents to boards, joints skilfully repaired, mild soiling to edges and final few leaves, tiny nick to top margin of half-title. A very good copy.


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