Max Webers Bewertung eines sozialistischen Wirtschaftssystems

This work pointed out Max Weber´s preference for a formal rational modern capitalism over an 'irrational socialism' in economic action. In contrast to a planned economy Weber concedes that the private enterprise have an 'objectified rationality' which means the presence of free markets and a calculable legal system. According to Weber capitalism as an economic system with its concept of rationality is mainly characterized by accumulating money and capital to deal with profit. A planned economy with its natural accounting and dependence on demand is not suitable for a meaningful productive management. In a socialist economy Weber constitutes a rational deficit because of the absence of money and therefore no objectiveness. Nevertheless Weber had an affirmative attitude to a political socialism though with qualification.