From Mill to Weber: the meaning of the concept of economic rationality

  title={From Mill to Weber: the meaning of the concept of economic rationality},
  author={Michel S. Zouboulakis},
  journal={The European Journal of the History of Economic Thought},
  pages={30 - 41}
  • Michel S. Zouboulakis
  • Published 1 March 2001
  • Economics
  • The European Journal of the History of Economic Thought
Weber recognized explicitly that his concept of ideal-type is directly borrowed from economic theory and as it is commonly admitted from the German-speaking ‘marginalist school’. Nevertheless, the construction of ideal-types reminds greatly the definition of economic rationality made by John Stuart Mill, who also built up a concept to explain, in individualistic terms, the real world in a given historical and geographical context. The position defended here is that Weber generalizes Mill's… 
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