Views of Max Weber on Capitalism & Its Characteristics

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.
Concept of Capitalism and its Characteristics Click Here
Views of Karl Marx on Capitalism Click Here
Marx vs Weber on Capitalism Click Here

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