Weber and Veblen on the Rationalization Process

Cyril Hédoin

Journal of Economic Issues, 2009, vol. 43, issue 1, 167-188

Abstract: Max Weber and Thorstein Veblen were two of the major contributors in the field of economics and sociology in the beginning of twentieth century. This paper argues that the works of both authors underline a "rationalization process" that occured in Western societies. We compare the respective analyses of Weber and Veblen on this subject. Despite a formal similarity, the analysis manifests some major divergences concerning the nature and the significance of the rationalization process. We suggest that the major divergences originate in the philosophical and epistemological foundations of the work of each author.

Date: 2009
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Working Paper: Weber and Veblen on the Rationalization Process (2014)
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DOI: 10.2753/JEI0021-3624430108

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