Max Weber on Capitalism and its foundations Name: Institution: Part 1: Max Weber’s views on capitalism are expressed through the “protestant ethic and the spirit of capitalism” and his other writings, which cover the relationship between the ethical values of ascetic Protestantism and the rise of capitalism…
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Max argued that the capitalist saw profit as an end on its own, and that the pursuit of profit was virtuous. In tracing the relationship between Protestantism and capitalism, he pointed out the concept of “calling” whose emphasis was that capitalistic activities were inclined to religious values (Grossman, 2006). Marx pointed out that Calvinism, in particular, was a major influence – noting that they associated salvation to success in business; material success and profit-making were viewed as a sign of God’s favor. He noted that other religious groups like the Methodists, pietists and the Baptists identified with the same idea, but to a lesser degree (Grossman, 2006). The idea that profits and material success was an indicator of God’s favor solidified into the basic structures, on which modern capitalism was developed. However, he noted that after modern capitalism matured, the protestant values behind it were disregarded and business ethics took center stage (Kennedy, 2004). It is important to note that Max insists that Protestantism was not the only factor that led to the development of capitalism, but that it was among the factors leading to its development; he added that the emergence of capitalism influenced religious ideas. Part 2: a). Max Weber’s position about capitalism is greatly motivated by the works of Marx’s theory, which emphasized materialism and economic reductionism; materialism and economic reductionism formed the fundamentals of Weber’s idealism. This shows that Weber’s theories and arguments are largely shaped by the frameworks and the foundations developed by Marx. The inheritance of Marxian thoughts is evident from the emphasis that Weber offers to the part played by the materialist outlook of different groups in the consequential development of capitalism (Grossman, 2006). However, Weber’s ideas and arguments are motivated by his tendency to characterize Marx as a deterministic economist; that could be partly attributed to the facts that Weber did not have access to the early writings of Marx. The divergence could also be attributed to Weber’s preoccupation about Marxian views about Germany and Russia during the start of the 20th century (Kennedy, 2004). The positions projected by Marxist thinkers in exploring Russia and Germany played a major role in propelling Weber to take the route he took, in formulating his theories and adopting his points of view on the origins and the development of capitalism (Grossman, 2006). This shows that the political climates of the last half of the 19th century as well as the first half of the 20th century were major contributors and influence to the theories and the positions adopted by Weber, about the origins of capitalism and the factors leading to its emergence. Irrespective of the major differences in the studies and the theories developed by Weber and Marx, Weber preserved many of the thoughts and the thinking developed by Marx. The fact that Weber preserved many of the theories and the models formulated by Marx shows that Weber was greatly influenced by the teachings of the Marxian school, irrespective of the fact that he was fully congruent with their thinking. This could also show that the thoughts and the theories developed by Marx were used by Weber as the basis of his theories; Weber used Marx’
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For instance, the workers in the organization must follow the rules and regulations that are enforced by the leaders. Authority helps to create order and prevent situations of anarchy. In the context of decision making, there must also be clear order and hierarchy of decision making.
Max Weber, the author of numerous books about sociology of religion greatly focused on the role of religion in modern society since played a great function in historic and autonomous development of the modern economic ethic. Significantly, religion according to Weber constitutes modern process and features of power relations, social and political administration, socio-economic structures, social status and stratification, and others.
Sociology itself is the study of the general society and its behavior (Weber 1991). According to Max Weber, social action is that action or act which takes into consideration the action and the reactions of agents performing those actions. In order for the act to be regarded as social, the act must consider the behavior of other agents or individuals so that it can be oriented along its course.
Calvinism, as Weber stated, believed in the doctrine of 'predestination', that is, in other words, in the notion that it was in fact God who decreed and decided on the eternal damnation of some persons, and the eternal salvation of some others, and these major decisions would not be based on their basic goodness or badness, but on the fact that since God had 'willed it' to happen, then it would happen inevitably.
Weber was interested in identifying the particular class configurations and their impact (which in Weber's estimation was usually negative) on democracy.
focused on the individual actor in his social capacity. Unlike most, Weber was interested in trying to figure out and analyze the social actor as an individual as opposed to the group actions of people.
We focus on the bureaucratization theory, social fact theory, religion, a division of labour and specialization and the capitalist theory by Marx. All these theories explain the society we live in today but they also form a basis for determining whether the scholar's work is relevant in today’s society.
The gradual erosion in the importance of French Marxism over English social science paved the way for more interesting and more relevant interpretations of Weber. There is now a greater appreciation of the range and depth of Weberian sociology.
Weber, on the other hand, lived several decades after Marx and at a time when there was an improvement in the economy which had made it possible for many people to rise from poverty and have a better life. When attempting
They also formed the basis for contemporary theories of motivation and leadership by addressing equity and establishing an appropriate correlation between performance and rewards (Jones & George, 2009). Although Weber addressed the principles
He used terms such as verstehen, which refers to the attempt to understand social action through empathetic understanding of the actor by the observer. He explained that these terms, in sociology, are calculability meant
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