WE HAVE WHAT WE ARE

This book explores the Veblen’s approach on the nature of conflict in the monetary economies. His theoretical framework is based on the assumption that contemporary economies are credit economies and conflictual economies. While money is means of capitalization and expansion of firms aimed at monopolistic control of markets, conflict involves two dimensions: a) on the microeconomic plane undertakers and technicians have contrasting targets for the level of production (‘internal conflict’), b) on the macroeconomic plane waste of leisure class depresses life of underlying population (‘external conflict’).