Max Weber And Karl Marx On Modern Capitalism - 1510 Words

Max Weber and Karl Marx on Modern Capitalism Anna Thor Sociology 475: Classical Sociological Theory Capitalism has continued to affect the way our society works as it is vital to our society. Two sociologists named Karl Marx and Max Weber have explained what they saw the historical emergence of modern capitalism. Both Karl Marx and Max Weber saw the significance of evolution of modern capitalism in the United States. Although both of the sociologists have differing views on how they saw the emergence of modern capitalism, there are also crossover and similarities in what they find as well as what they think should be done differently. Either way, both Karl Marx and Max Weber make significant explanations of capitalism which we can see that is still relevant today. First of all, capitalism is the production of commodity for purposes of sales. It is an economic system where the means of production, distribution and exchange of wealth is made by individuals or corporations. The origin of capitalism starts when the producer wants to increase the sums of values they possessed and buys the laborer’s power for cheap and therefore increase the profits the producer makes (Tucker, p 432). Capitalism also involves with hierarchy of labor, production, wage labor, and surplus value, technology, and religion. Karl Marx and Max Weber state their critiques on this modern capitalism in the United States. Karl Marx views the capitalism in America as selling commodities forShow MoreRelatedKarl Marx And Max Weber1324 Words   |  6 PagesKarl Marx and Max Weber were influential sociologists that paved the way for modern sociological school of thought. Both, Karl Marx and Max Weber contributed a lot to the study and foundation of sociology. Without their contributions sociology would not be as prominent as it is today. From the contribution of how sociology should be studied, to how they applied their theories to everyday life has influenced many sociologists. 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