Economics Dictionary of Arguments

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Economy: Economy is the system of production, distribution, and consumption of goods and services within a society. It determines how resources are allocated and how goods and services are produced and distributed. See also Economics, Markets, Goods, Labour, Society.
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Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments.

 
Author Concept Summary/Quotes Sources

Max Weber on Economy - Dictionary of Arguments

Habermas III 300/301
Economy/Weber/Habermas: the two institutional complexes in which Max Weber sees modern structures of consciousness primarily embodied are the capitalist economy and the modern state.
>Capitalism
, >State.
What is "rational" about it?
>Rationality.
Here Weber seems to envision the organizational model realized in the capitalist enterprise and in the modern state institution when he speaks of social rationalization.
Their rationality is that those involved are obliged to act rationally. The decisive economic basis is the 'separation' of the worker from the material means of production: the means of production of the economy, the means of war in the army, the material means of administration in public administration, the means of research in the university institute and laboratory, the means of finance for all of them.(1)
Habermas III 301/302
The concentration of material resources is the necessary condition for the institutionalisation of procedural-rational action.
>Institutions, >Institutionalization.
Weber: "The modern capitalist business rests above all on calculation. For its existence it needs a judiciary and administration whose functioning can be rationally calculated at least in principle on the basis of fixed general norms, just as one calculates the expected performance of a machine".(2)
Habermas III 305
WeberVsMarx/Habermas: unlike Marx, who begins with labor value theoretical considerations, Weber explains the institutionalization of procedural-rational action first with the help of Protestant professional culture and then with the help of the modern legal system.
>Purpose rationality, >K. Marx.


1. M. Weber, Wirtschaft und Gesellschaft, hrsg. v. J. Winckelmann, Tübingen 1964, p. 1047.
2. Ibid. p. 1048.

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Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments
The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition.

Weber I
M. Weber
The Protestant Ethic and the Spirit of Capitalism - engl. trnsl. 1930
German Edition:
Die protestantische Ethik und der Geist des Kapitalismus München 2013

Ha I
J. Habermas
Der philosophische Diskurs der Moderne Frankfurt 1988

Ha III
Jürgen Habermas
Theorie des kommunikativen Handelns Bd. I Frankfurt/M. 1981

Ha IV
Jürgen Habermas
Theorie des kommunikativen Handelns Bd. II Frankfurt/M. 1981


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