A pragmatist theory of capitalism

This article explores the potential of pragmatist social theory (Dewey and Mead) for elaborating and clarifying the classical analyses of capitalism by Marx, Schumpeter, Sombart and Weber. It shows how a reinterpretation in the context of pragmatist discourse can overcome the rationalist shortcoming...

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Bibliographic Details
Published in:Socio-economic review 2011-01, Vol.9 (1), p.83-106
Main Author: Deutschmann, C.
Format: Article
Language:English
Subjects:
Capitalism
Creativity
Dewey, John
Marx, Karl
Mead, George Herbert
Pragmatism
Reification
Weber, Max
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Summary:This article explores the potential of pragmatist social theory (Dewey and Mead) for elaborating and clarifying the classical analyses of capitalism by Marx, Schumpeter, Sombart and Weber. It shows how a reinterpretation in the context of pragmatist discourse can overcome the rationalist shortcomings of Weber's theory of capitalism and formulate key Marxist concepts like 'capital' or 'reification' more convincingly. It also outlines a multi-level approach for analysing the dynamics of capitalism, focusing on the interaction between class structures, individual creativity and the communication of innovative paradigms. Adapted from the source document.
ISSN:1475-1461
1475-147X
DOI:10.1093/ser/mwq014