Max Weber and the idea of economic sociology

While many recognize The Protestant Ethic and the Spirit of Capitalism, few are aware that in the last decade of his life, Max Weber (1864-1920) sought to develop a new analytical framework for economic phenomena, which he called "economic sociology." This effort became central to his thought before his death. Richard Swedberg presents a critical examination and the first major study of this intriguing aspect of Weber's work. The book illustrates how Weber established a robust theoretical foundation for economic sociology and introduced a series of innovative concepts. He explored economic phenomena in relation to political, legal, and religious contexts. Swedberg highlights that Weber's approach addresses a longstanding challenge in economic analysis: reconciling interest-driven analysis favored by economists with the social perspective preferred by sociologists. By examining Weber's views on the economy and its connections to politics, law, and religion, Swedberg also compares Weber's economic sociology with contemporary perspectives. Additionally, the author notes the recent rise in credibility of economic sociology, as economists and sociologists increasingly collaborate on issues related to organizations, political structures, social problems, and economic culture. Swedberg's work is poised to enhance this collaborative effort.