General Economic History

In General Economic History Max Weber focuses on the industrial enterprise for the provision of everyday wants, oriented toward profitability by means of rational capital accounting, as the institutional foundation of modern Western capitalism. This type of enterprise integrates into one institutional complex a constellation of six factors, including: formally free labor; free market trade; appropriation of the physical means of production; rational commercial practices; rational production of technology; and calculable law adjudicated and administered by the state. General Economic History traces the historical development of each of these factors from their informal rational points of origin through the…