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LQD What are they worth? | 28 comments (28 topical, editorial, 0 hidden)
Re: LQD What are they worth? (4.00 / 3)
Thorsten Veblen did refer to the business importance of the ability to inflict damage. He characterized the ability of a business to restrict the output to maintain a price as "damage." Likewise, the ability to damage your competitor is crucial. Think Bill Gates.

The logic of industrial production is to maximize quantity. This is why industry is controlled by business, which specializes in strategic damage. Nitzan and Bichler provide an extensive discussion of damage, or "sabotage" as they call it, in Capital as Power pp227-236.

"It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Dec 15th, 2009 at 11:48:25 AM EST
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LQD What are they worth? | 28 comments (28 topical, 0 editorial, 0 hidden)
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