BUKHARIN & VEBLEN ECONOMIC THEORY OF THE LEISURE CLASS

Nikolai Bukharin 1927

Economic Theory of the
Leisure Class

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Source: Economic Theory of the Leisure Class by Nikolai Bukharin;
First published: by International Publishers in 1927;
Transcribed: by Ted Crawford.

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CONTENTS

Preface to the Russian Edition
Preface to the American Edition
Introduction

Chapter I. Methodological Foundations of the Theory of Marginal Utility and of Marxism

1. Objectivism and subjectivism in political economy
2. The historical point of view and the unhistorical point of view
3. The point of view of production, and the point of view of consumption
4. Conclusions

Chapter II. The Theory of Value

1. The importance of the problem of value
2. Subjective and objective value; definitions
3. Utility and value (subjective)
4. The measure of value and the unit of value

Chapter III. The Theory of Value (continued)

1. The theory of utility by substitution
2. The amount of marginal utility and the quantity of commodities
3. The fixing of the value of commodities in various types of consumption; Subjective exchange value; Money
4. The value of complementary goods (the Theory of Imputation)
5. The value of productive commodities. Production costs
6. Conclusions

Chapter IV. The Theory of Profit

1. The importance of the problem of distribution; Formulation of the question
2. The concept of capital; “Capital” and “profit” in the “Socialist” State
3. General description of the capitalist production

Chapter V. The Theory of Profit (continued)

1. Two causes for the overestimation of present goods

a. The difference in the relation between needs and the means for their fulfilment at various times.
b. The systematic underestimation of future goods.

2. The third cause for the overestimation of present goods; Their technical superiority.
3. The subsistence fund; The demand for present goods and the supply of such goods; The origin of profit.

Chapter VI. Conclusion

APPENDIX. The Policy of Theoretical Conciliation

1. Tugan-Baranovsky’s formula
2. Tugan-Baranovsky’s “logic”
3. Tugan-Baranovsky’s fundamental fallacy

Notes

Bibliography

AS A PDF 

Economic Theory of the Leisure Class.pdf - Stanford University

https://web.stanford.edu › ~dharris › papers

The concept of capital; "Capital" and "profit" in the. "Socialist" ... Bukharin's critique is more narrowly focused; its particular object is the ... tion, distribution, and accumulation, ... out his own theory of imperialism, This was written in 1914-. 1915 ...

The Theory of the Leisure Class: An Economic Study of Institutions

Preface

Thorstein Veblen

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It is the purpose of this inquiry to discuss the place and value of the leisure class as an economic factor in modern life, but it has been found impracticable to confine the discussion strictly within the limits so marked out. Some attention is perforce given to the origin and the line of derivation of the institution, as well as to features of social life that are not commonly classed as economic.

At some points the discussion proceeds on grounds of economic theory or ethnographical generalisation that may be in some degree unfamiliar. The introductory chapter indicates the nature of these theoretical premises sufficiently, it is hoped, to avoid obscurity. A more explicit statment of the theoretical position involved is made in a series of papers published in Volume IV of the American Journal of Sociology,  on "The Instinct of Workmanship and the Irksomeness of Labour," "The Beginnings of Ownership," and "The Barbarian Status of Women."   But the argument does not rest on these -- in part novel -- generalisations in such a way that it would altogether lose its possible value as a detail of economic theory in case these novel generalisations should, in the reader's apprehension, fall away through being insufficiently backed by authority or data.

Originally published as:

Thorstein Veblen. "Preface." In The Theory of the Leisure Class: An Economic Study of Institutions.  New York: The Macmillan Company (1899): v-vi.