Marxian Theory versus Weberian Theory

Both Markus 's theory and Weber' s theory, Karl Marx and Max Weber provide an effective way for social classes in modern capitalist society, but there is a big difference between them. A capitalist society is a society in which private ownership of "production materials" is the main form that provides what is necessary for survival. The difference between capitalism and other social types is to emphasize property rights and the right to use capital when the individual owner thinks it is appropriate.

Marx's economics arises from the work of Karl Marx and Friedrich Engels. The school focuses on labor value theory and Marx's view on capital exploitation work. Therefore, in Marx 's economics, labor theory of value is a measure of labor exploitation not only in price theory but also in capitalist society. Ricardo socialism is part of the classic economic thought of the early 19th century, the fact that labor is the source of all wealth and exchange value, the fact that rent, profit, and interest represent free market distortion It is based on. Their capitalist exploitation theory before Marxism developed by them was largely influenced by the work of David Ricardo and widely thought to support collective possession of production means.

Many new Marxists tried to adapt Marxist theory to the economic reality of contemporary capitalist society. Harry Brafferman (1974) argues that labor processes and exploitation of workers are fundamental elements of Marx's theory. In modern society, few people have means of production, so most people, including physical laborers and most white-collar workers and service workers, are forced to sell their workforce. According to Braverman, capitalistic control and exploitation, as well as mechanization and rationalization will expand worker control (Ritzer, 2008).