INSTITUTIONAL, EVOLUTIONARY AND CULTURAL ASPECTS IN MAX WEBER'S SOCIAL ECONOMICS
Heino Heinrich NAU
One of the keys to Max Weber's social economics is the evolution of institutional arrangements. In the first part, I show that Weber can be interpreted as an institutional economist. In the second part, I reconstruct the most important features of Max Weber's institutionalism, namely the interrelations between ideas, interests, institutions and social orders. In the third part, I demonstrate how Weber applied this institutionalist approach by looking at his economic explanation of the hampered economic development of China. Following Weber's concept, I finally make a few proposals as to how modern economic research could be enriched
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