The three variables identified by Max Weber as defining social class are life circumstances and opportunities; ownership of property and wealth; and working conditions and markets. Of these, Weber considered the ownership of property to be the most decisive variable in determining class.Know More
Weber argued that property owners were able to influence or even dominate commodity and labor markets. Landowners, for instance, are able to collect rents from tenants, thus transforming their property into wealth.
Weber's third variable applies primarily to the working class, who may be subdivided by their working conditions, earnings and services into classifications of skilled, semi-skilled and unskilled laborers. Taken sequentially, these groups represent diminishing attributions of social value, based on what their members can offer society.Learn more in Economics
Based on U.S. Census data collated for 2012, Robert Reich has defined being middle class as earning around $25,500 to $76,500 in income, according to U.S. News and World Report. Reich was the Secretary of Labor from 1993 to 1997, and, as of 2014, he taught public policy at the University of California-Berkeley. There is not a single definition of what constitutes a middle class income.Full Answer >
The elite and class theory promotes the idea that a rich elite holds most of the power in U.S. politics, and therefore determines policies and living conditions for the rest of society. This theory acknowledges that people have the right to vote, but states that the rich elite are able to form conditions that shape policies despite this.Full Answer >
The German sociologist Max Weber (1864-1920) believed the ideal type of bureaucratic authority structure would be bound by formalized rules, allow only those specifically competent to serve and prohibit members from ownership of the means of administration or production. Weber also advocated civic education and an increased participation by society in civic affairs. Weber's analysis of bureaucracy placed an emphasis on state institutions based on rational-legal authority on those founded on traditional or charismatic leadership.Full Answer >
Economics is a social science because it examines the social behavior of human beings with regards to allocation of scarce resources in order to meet the needs of each individual in the society. Economics does not only involve production and distribution of goods and services, but also the human factor.Full Answer >