SOC 402 Weber Continued - c. Formal rationality (see...

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"That is the spirit of capitalism… the idea of a duty of the individual toward the increase of his capital, which is assumed as an end in itself" - Weber, _The Protestant Ethic and The Spirit of Capitalism_ (Kivisto, p.75) 1) Greed doesn't explain capitalism - truly greedy people would not re-invest 2) Instrument (Practical) rationality - use of the most efficient means to an end (the end justifies the means) - FOREMOST IN RATIONAL CHOICE THEORY a. Theoretical rationality - Use of concepts and logic to grasp reality b. Cultural values dictate your choice of means (and often your ends) i. Most often opposes instrumental rationality ii. Substantive (Value) rationality
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Unformatted text preview: c. Formal rationality (see Bureaucracy) - Impartial rules and principles determine your goals and often your means (cf. 'rule of law') d. What does it mean to be rational? 3) Why capitalism arose where it did i. Why it no longer needs a specifically religious ethic to sustain it ii. Goals: To explain a. Start with a rough sketch of the concept i. Examix ii. Method: b. Accounting for the Capitalist Ethic - Weber's Method 4) Lecture 5B - Max Weber (1864-1920) - The Protestant Ethic and the Spirit of Capitalism - A Theory of Economic Rationalization Wednesday, September 19, 2007 9:59 AM Class Notes Page 1...
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This note was uploaded on 04/25/2008 for the course SOC 402 taught by Professor Jeremystraughn during the Fall '07 term at Purdue University-West Lafayette.

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