State intervention in the economy. Assessment and the role of teaching Veblen. Economic development of the society. Process of long-term loan and the inclusion of investor-banker in industrial production. Negative aspects of American institucionalism.
Poniyatik "institutionalism" comes from the word "institution" or "institution", which refers to the custom of the order passed in the society, as well as the customary law or in the form of institutions. For example, their goals and preferences are social. c) The main task of economics lead to "understanding" the functioning of the economy and not to the forecasts and projections. g) Denial of approach to the economy as an equilibrium system and the economy is explained as an evolving system that manages the process of wearing cumulative. Having established the need for a biological approach to the economy, Veblen gave Social Darwinism different color, evolution of society is a process of natural selection of institutions that, in fact, there is a habitual way of thinking in regard to the relationship between society and the individual. Business (financial capital), dominating the industry (workers, engineers, managers), holding back the development of production, does not perform any community service functions. Utopia transfer of power to the engineering elite in the 1930s called "technocratic" (later the gamma value of the word "technocracy" significantly expanded), thanks to her Veblen assumed a prominent place in the history of sociology, but the engineers and economists have found it absurd.
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