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In: Economics

Explore Max Weber’s views of the economy and how he viewed its relationship to politics, law,...

Explore Max Weber’s views of the economy and how he viewed its relationship to politics, law, and religion? explain in 300 words!

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Expert Solution

Marx Weber had some similiar thoughts on economy as Karl Marx.Similiar to Karl Marx Weber also believed class was economicallydetermined.Class,status and power primarily determined the structure of a society.According to Weber the economy or society was divided between the owners and laborers.Weber was also concerned with the changes occurring in the economy due to industralization.Non economic factors in the economy such as kinship,education,religion were the factors that determined the status of individuals in an economy and he believed that class and status were the major factors that decided the power of individuals in a society.The status and class formed the base of a society.Weber introduced the concept of rationalization.According to Weber a society should be not be build according to the traditions or morality instead society should be built by efficiency and logic.
Weber had his own views regarding the politics,law and religion.Weber considered the law to be the as a legitimate source of authority in a society.The normative aspect of law is not taken into consideration in Webers theory.Max weber considered politics as vocation.According to Webers theory the politicians must be able to balance between the ethic of moral conviction and ethic of responsibility.According to Weber ethic of moral conviction a politician must strongly believe in his ideologies and his beliefs should not be unshakable. Ethics of responsibilities refers to the moral based duties and responsibilities that the politicians have towards the other individuals.According to Weber religion can act as a reason for social change in an economy.Religion in Webers theory is considered to be a social institution as religion .Religion has beliefs and practices that fulfill the needs of the society.According to Weber religion is universal and it can be found in all societies.


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