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Please explain the photo attached TOPIC: WEBER’S SOCIOLOGICAL THEORY OF ENTREPRENEURSHIP

Please explain the photo attached TOPIC: WEBER’S SOCIOLOGICAL THEORY OF ENTREPRENEURSHIP

Social Psychology (10th Edition)
Social Psychology (10th Edition)
10th Edition
ISBN:9780134641287
Author:Elliot Aronson, Timothy D. Wilson, Robin M. Akert, Samuel R. Sommers
Publisher:Elliot Aronson, Timothy D. Wilson, Robin M. Akert, Samuel R. Sommers
Chapter1: Introducing Social Psychology
Section: Chapter Questions
Problem 1RQ1
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Please explain the photo attached TOPIC: WEBER’S SOCIOLOGICAL THEORY OF ENTREPRENEURSHIP
WEBER'S SOCIOLOGICAL THEORY Weber argues that entrepreneurs make production decisions under conditions of uncertainty, where the goals of action are subject to choice and where consumer wants can be formed through entrepreneurial action. In developing his account of entrepreneurial decision-making, Weber offers an account of economic action that is distinct from the account of economic action dominant in mainstream economics and Austrian economic theory. For Weber, entrepreneurial goals are imagined, and reason does not determine actions but assesses likely consequences of different possibilities for action. A monetary economy allows this assessment to proceed in a more rational manner. This argument is significant for his criticisms of centrally planned economies. ** hjer upps. ht
Transcribed Image Text:WEBER'S SOCIOLOGICAL THEORY Weber argues that entrepreneurs make production decisions under conditions of uncertainty, where the goals of action are subject to choice and where consumer wants can be formed through entrepreneurial action. In developing his account of entrepreneurial decision-making, Weber offers an account of economic action that is distinct from the account of economic action dominant in mainstream economics and Austrian economic theory. For Weber, entrepreneurial goals are imagined, and reason does not determine actions but assesses likely consequences of different possibilities for action. A monetary economy allows this assessment to proceed in a more rational manner. This argument is significant for his criticisms of centrally planned economies. ** hjer upps. ht
WEBER'S SOCIOLOGICAL THEORY The theory was proposed in the 1980s by the most socially compelling thinker of is time, Max Weber. The major basis of this theory is religion and social change. Thus, in order to explain this theory elaborately, the scholar indicates that religious beliefs have a strong influence on the process of the development of entrepreneurship. S ns Neve
Transcribed Image Text:WEBER'S SOCIOLOGICAL THEORY The theory was proposed in the 1980s by the most socially compelling thinker of is time, Max Weber. The major basis of this theory is religion and social change. Thus, in order to explain this theory elaborately, the scholar indicates that religious beliefs have a strong influence on the process of the development of entrepreneurship. S ns Neve
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