Veblen views regarding the natural resources and technology appear to be containing some of the striking inconsistencies in the preceding analysis on exploitation and waste of resources. Notably, Veblen, on the other hand, felt that the natural resources are extremely valuable in a social construct. This is because society wills to be paying for their use. This is clearly seen when Veblen speaks about the natural resources, which includes the timber, and coal in his chapter “ The Technology of Physics and Chemistry” as being constantly increasing because of the improved knowledge, which is very technical(Wessels, 2000,p.
123). Veblen observed that the rapid growth of technologies has brought new designs, for making natural resources. He argued that the natural resources are those resources has no indications of characteristics of a landscape, this is because the technicians understand them by turning them into account, hence; they have become the standard factors to the production area. His faith regarding technology did not end from criticizing to the people who applied them irrationally. Veblen, on the other hand, blamed the mismanagement of the industry where business owners are supposed to shed all the responsibility. Veblen has played a significant role to the understanding of people by use of technology where it has become an extremely critical approach in industries as well as, bureaucratic management.
He believed that the engineers, as well as the technicians, have greater knowledge concerning the industrial processes, which is intrinsically more than business. He also bemoaned by saying that, all the businesspersons, the accountants as well as, the managers holding money have displaced all the engineers at producing the goods (Champlin, 2004, p. 194). Consequently, Veblen was the first economist, who also sought in integrating with the questions of species, gender, the classes as well as, the question of ethnicity into the evolutionary analysis.
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