Premium
Weber Was Right: Death, Taxes, Working Capital, and the Excessive Propensity for Accumulation
Author(s) -
Weaver Dorothy Chandler,
Fry Phyllis
Publication year - 2012
Publication title -
sociological forum
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.937
H-Index - 61
eISSN - 1573-7861
pISSN - 0884-8971
DOI - 10.1111/j.1573-7861.2012.01346.x
Subject(s) - capital (architecture) , economics , investment (military) , hoard , economic capital , neoclassical economics , control (management) , labour economics , human capital , market economy , law , political science , management , history , archaeology , politics
It turns out that Max Weber was on to something when he suggested that it was not natural or automatic that wealthy individuals invest their capital rather than keep it or spend it on themselves. Patterns of economic growth and capital investment in the United States over the last century indicate that in general some inducement or pressure is necessary to convince those who control money to risk it rather than hoard it.