price-income

Updated: May 3, 2025

Any authority competent to take over the control and regulate the conduct of the community's industry with a view to maximum output as counted by weight and tale, rather than by net aggregate price-income over price-cost, can readily effect an appreciable increase in the effectual productive capacity; but it can be done only by violating that democratic order of things within which business enterprise runs.

Thorstein Veblen - An Inquiry Into The Nature Of Peace And The Terms Of Its Perpetuation