Essay from the year 2003 in the subject Sociology – General and Theoretical Directions, grade: 2.1 (B), Oxford University (New College), language: English, abstract: The study of capitalism is a predominant theme in both Marx’s and Weber’s writings.
In conjunction with Marx’s “Capital”, “The Protestant Ethic and the Spirit of
Capitalism” by Weber constitutes one of the two great theories of capitalism.
However, one has to note that both have written a great deal on the theories of
capitalism. Both writers focus on the historical and causal forces shaping capitalist
society, but where Marx believed in “economic determinism”, Weber also believed in
so-called “non-economic” factors of capitalism. He based his analysis on a number of
interconnections he saw between capitalist development and the influences of
various spheres of society such as religion, law and political institutions. I am going to
give an overview of the two different explanations for the origin of capitalism by Marx
and Weber. Further I am going to investigate who of the two was right or whether the
two theories can be synthesised. […]
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