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To respond to a criticism of an earlier paper.

The approach is the statement of a counter argument.

Positive if argument is convincing to readers.

This reply is of interest to readers.

Remarks on the parallel in the basis of the riches of the aristocracy and plutocracy. Illustrates the argument from the history of the development of the cotton textile industry, the underpinnings for its growth being the inventions prior to and during the eighteenth century. Exemplifies the part of inventions as the begetter of plutocratic wealth. Sir Richard Arkwright, notably, was its salacious issue.

The paper aims to offer a viewpoint that economic surplus is a notion shared by economists as diverse as Karl Marx and Milton Friedman.

The paper is an interpretation and critique of the literature of the work by Marx and Friedman.

The paper finds the two men's respective writings bear out the commonality while recognizing that they drew radically different implications from their common perception. Elucidating the commonality is a worthwhile exercise even though the elucidation might not interest the broad range of economists.

The paper expresses a viewpoint that economic surplus is a notion shared by diverse economists.

The essay discusses the connection between science and technology as the root cause of economic growth, the fortuitous nature of the rewards from invention in the capitalist economy, and the possibility that socialism can exploit inventive opportunities to improve human wellbeing.

The essay is a short analysis of the place of economic theory in the general social order. There is nothing strange and peculiar about its place. It rather fits in perfectly and is providing an exceptionally useful function in the social order.

The essay, “inventions, capitalist wealth and liberal think” is a philosophical discourse. It points out a similarity between aristocratic and capitalist wealth. Both arise out of the receipt of producer surplus. The sources of producer surplus are somewhat different. For the aristocracy, the source was largely land whereas inventions are more significant for capitalist wealth. Wealth gives power, which can be exercised in different ways and yield different social and political outcomes. One particularly noteworthy offshoot is the ideology that is devised to defend and rationalize wealth and its usages. The ideology that serves capitalist wealth is quite unique and varied in nature, and is not as mutually consistent as might be expected.

The paper aims to point out that the seemingly new and novel has ancient historical precedents.

This is an interpretive essay. It begins with an historical examination of the role of entrepreneurship in the economy and points out that its function has been largely reactive rather than one that is a fundamentally causative prime mover.

The role is described with noteworthy illustrations that are recurrent and extend over centuries, if not millennia, in time. Their conspicuous quality is a moral repugnance. The role continues into the present.

The underlying causal factors have changed, but the indifference to general public welfare is a continuing feature.

Provides a critical examination of the role of entrepreneurship in the economy in a historical perspective.

Thorstein Veblen's ideas regarding capitalism, particularly as expressed through his view of the American upper classes of the time, are examined. The work of Veblen himself, as well as other, later economic theorists, is discussed. Particular attention is paid to how Veblen's ideas can be applied to today's social economy, especially where globalization and inequality are concerned.

The paper is a philosophical discourse on capitalism and its intellectual rationalization, economic theory. Both blithely ignore the most fundamental character of the human condition. Both may pay a price: capitalism through being replaced by an alternative economic system and economic theory through concomitantly disappearing from the intellectual firmament.

Aarhus Kommunes Biblioteker (Teknisk Bibliotek), Ingerslevs Plads 7, Aarhus, Denmark. Representative: V. NEDERGAARD PEDERSEN (Librarian).