In the episode, I outline Max Weber's idea of modern, rational capitalism. What defines it and what makes it rational?
References:
Carruthers, B. G., & Espeland, W. N. (1991). Accounting for Rationality: Double-Entry Bookkeeping and the Rhetoric of Economic Rationality. American Journal of Sociology, 97(1), 31–69.
Hall, P. A., & Soskice, D. (2001). Varieties of Capitalism: The Institutional Foundations of Comparative Advantage. Oxford University Press.
Swedberg, Richard (1998). Max Weber and the Idea of Economic Sociology. Princeton University Press.
Weber, Max (2019). Economy and Society. A New Translation by Keith Tribe. Harvard University Press.
Weber, Max (2002). The Protestant Ethic and the "Spirit" of Capitalism. Translated by Peter Baehr and Gordon C. Wells. Penguin.
Weber, Max (1961): General Economic History. Translated by Frank H. Knight. New York: Collier Books