Summary

Portrait of Thorstein Veblen Thorstein Veblen The instinct of workmanship, and the state of industrial arts (1914)

But through the centuries of its earlier growth the handicraft industry, simply as a routine of workmanship, shaped the conditions of life for the common people more pervasively and consistently than any other one factor. Its discipline, therefore, was of protracted duration and touched the current habits of thought in an intimate and enduring fashion; so as to leave a large and enduring effect on the institutions of the peoples among whom it prevailed.
Source: Gutenberg

Portrait of Thorstein Veblen Thorstein Veblen The instinct of workmanship, and the state of industrial arts (1914)

It is but a slight exaggeration to say that such transactions, which govern the course of industry, are carried out with an eye single to pecuniary gain,—the industrial consequences, and their bearing on the community’s welfare, being matters incidental to the transaction of business. In every-day phrase, under the rule of the current technology and business principles, industry is managed by businessmen for business ends, not by technological experts or for the material advantage of the community.
Source: Gutenberg

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