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Max Weber as an Economist: Revisiting Max Weber’s Legacy 100 Years after His Passing

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Louzek, M. Max Weber as an Economist: Revisiting Max Weber’s Legacy 100 Years after His Passing. Journal of Contextual Economics – Schmollers Jahrbuch, 140(2), 205-222. https://doi.org/10.3790/schm.140.2.205
Louzek, Marek "Max Weber as an Economist: Revisiting Max Weber’s Legacy 100 Years after His Passing" Journal of Contextual Economics – Schmollers Jahrbuch 140.2, 2020, 205-222. https://doi.org/10.3790/schm.140.2.205
Louzek, Marek (2020): Max Weber as an Economist: Revisiting Max Weber’s Legacy 100 Years after His Passing, in: Journal of Contextual Economics – Schmollers Jahrbuch, vol. 140, iss. 2, 205-222, [online] https://doi.org/10.3790/schm.140.2.205

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Max Weber as an Economist: Revisiting Max Weber’s Legacy 100 Years after His Passing

Louzek, Marek

Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 140 (2020), Iss. 2 : pp. 205–222

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Marek Louzek, Faculty of Economics, Prague University of Economics and Business, W. Churchill Sq. 4, Prague 3, Czech Republic.

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Abstract

This article presents Max Weber as an economist and as a social scientist. Weber’s relations to economics, philosophy and sociology are discussed. Max Weber has more in common with economists than it might seem at first sight. His principle of value neutrality has become the foundation of the methodology of social sciences, including economics. The second point shared by Max Weber with standard economics is methodological individualism. The third point which a modern economist can learn from Max Weber is the concept of the ideal type.