Similar Perspectives
Thorstein Veblen, the founder of evolutionary economics, believed that technological developments would eventually lead toward a socialistic organization of economic affairs. However, his views regarding socialism and the nature of the evolutionary process of economics differed sharply from that of Karl Marx; while Marx saw socialism as the ultimate goal for civilization and saw the working-class as the group that would establish it, Veblen saw socialism as one immediate phase in an ongoing evolutionary process in society that would be brought about by the natural decay of the business enterprise system and by the inventiveness of engineers.
Veblen's methodology for analyzing economic developments is similar to that of scientific socialism and also contrast to neoclassical/classical political economy and utopian socialism; he understood that society and economics was constantly evolving and that this process affected the fundamental basis of established social relations.
Read more about this topic: Scientific Socialism
Famous quotes containing the word similar:
“Thus was my first year’s life in the woods completed; and the second year was similar to it. I finally left Walden September 6th, 1847.”
—Henry David Thoreau (1817–1862)