Views of Max Weber on Capitalism Introduction Concept Ideas View The features of Rationality Meaning of rationality Private ownership Production Land labor Free-market Rational techniques of production Rational legislation Economic factors Political factors Religious factors Cultural factors Ethics Criticism Conclusion
Views of Max Weber on Capitalism
- When criticized by Karl Marx and the speaks of a special kind of Capitalism namely Rational Capitalism.
- According to Max Weber: Rational Capitalism is a unique western development.
- This is because the idea of rationality and process of rationalism are the distinctively western.
According to Max Weber:
- Rationality means it is a product of scientific specialization which is an important feature of western culture.
- It involves gaining mastery of control of the external world.
- It involves the organization of human life in such a manner that greater efficiency and productivity can be attained.
According to Him:
- Rationalization has been the most important distinctive feature of western civilization.
- It is rationally which Marx out a number of distinct trades of features that are not to be found at one and the same time anywhere else on the whole.
These features are as follows:
- Science: Science means a body of variable knowledge well developed in the west.
- Rational state:
- Art: like western music
- Economy: which is characterized by rational Capitalism
Main characteristics or preconditions of rational Capitalism or necessary for the development are as follows:
- The basic principles underline modern Capitalism is the rational organization of productive enterprises which supply society with its everyday.
- Socio-economic is necessary for the development of rational capitalism.
- Private ownership of material resources for
- production ( land, machine, raw material. Factory and buildings)
- MarketRational techniques of production and distribution of goods
- Rational legislation
- free labor
- Face Commercialization of the economy
- Briefly, Rational Capitalism is an economic system which requires that the means of production be privately own and control.
- Weber considered economic, political and cultural or religious factors fir creating rational Capitalism.
Factors contributing to the growth of rational Capitalism:
- Economic factors:
- Weber says that the gradual separation in Europe between households and thread or business.
- The process of small scale domestic production of commodities or items for self-consumption gives way to mass production in the factory.
- Household activity and work become distanced.
- The growth of transport and communication also contributes to the rationalization of another economy.
- The use of common currency and the practice of bookkeeping make economic transactions.
- Political Factors:
- The rise of modern western capitalism is closely connected with the growth of the bureaucratic rational-legal state.
- The idea of citizenship assumed prominence citizens are given certain legal rights and obligations.
- The bureaucratic state helps to break down feudalism and free land and labor for the capitalist market.
- It helps to pacify and politically control large territories.
- Rationalization full expression in the rise of the bureaucratic state which in form contributes to the growth of rational Capitalism.
- Religious/Cultural factors:
- Weber studies six religions of the world like- Hindu, Islam, Christian, Jews, Buddhism and Taoism.
- Weber does not consider his views on monocausal factors or mechanical factors.
- He said that in this book two main points:
- Protestants Ethics
- Spirit Of Capitalism.
- Weber referred to an ideal type of the main features of Capitalism.
- According to him, Protestants’ ethics is one of the sources that generate rational Capitalism.
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