Show Me the Money

Thorstein Veblen‘s The Theory of Business Enterprise is useful in providing an interesting analysis regarding today’s health care professionals. In The Theory of Business Enterprise, Veblen dichotomizes business enterprise into the machine process and business principles. There is a struggle between the two as the machine process is concerned with production and quality. Business principles is concerned with distribution and “pecuniary gain” and will even go as far as sacrificing serviceability for vendibility by sabotaging the machine process if it means that it will profit.

Doctors, nurses and other health care professionals are all part of the machine process. Their job is to heal people who are sick or injured. Hospital administrators such as board members represent the business principles side of the dichotomy in which they are concerned with “pecuniary gain.” However, it seems that some health care professionals are moving towards the business principles side of the dichotomy; they are more concerned about making money rather than healing their patients.

One thought on “Show Me the Money

  1. That’s an interesting way to look at part of our health care debate. It’s kind of like how some doctors go into plastic surgery so they can sell new noses to vain people rather than provide other much needed yet less profitable services.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s