Marx and Veblen on Human Nature, History, and Capitalism: Vive la Difference{}\kern .16667em {}, Edgell, Stephen; Townshend, Jules, Journal of Economic Issues; 27(3), September 1993, pages 721- 39.

Argues that similarities between Marx and Veblen notwithstanding, there are irresolvable differences in methodological and substantive approaches to history and human nature. The differences between their analyses of capitalism can only be properly appreciated if considered in light of their dissimilar theoretical foundations. Veblen was correct to differentiate his own thought from Marx's, even if he occasionally did so for the wrong reasons. Concludes that the claim by Arthur K. Davis and E. K. Hunt that the social theories of Veblen and Marx are fundamentally similar should be rejected.


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