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7.1 Program for the Study of Germany and Europe

Max Weber's Vision of Economics

1997 – Richard Swedberg


This paper argues that Max Weber's work in economics is very interesting but has been unduly neglected. More precisely, Weber had a vision of economics as a very broad topic, to which not only economic theory but also eco­nomic history and economic sociology could contribute. Weber's term for this type of economics was Sozial­-oekonomik or social economics. Weber himself made contributions to all three parts of social economics-espe­scially to economic sociology (he was one of the founders of Wirtschaftssoziologie) but also to economic history and (less so) to economic theory.