formal rationality
formal rationality As defined by Max
Weber in his account of the
market and economic action, this refers to the extent of impersonal quantitative calculation (that is, risk assessment) which is possible and applied in provisioning for needs. Money is the best means for ensuring such calculability within a particular institutional order. The concept is best understood in contradistinction to (as well as in the context of) ‘substantive rationality’, which involves provisioning according to some ultimate values, be they status, egalitarian, social justice, or indeed any infinite variety of value-scales by which to judge the outcome of economic action. Given certain substantive conditions–such as legal formalism, bureaucratic administration, free labour, and a system of property rights–formal rationality refers to the calculability of means and procedures, sub-stantive rationality to the value of ends or outcomes. The two are in constant tension, in so far as social action is oriented to ends, beliefs, and value commitment.
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The affluent society 40 years on
Magazine article from: Dollars & Sense; 11/1/1999; ; 566 words
; ...In the first publication of The Affluent Society, there are a couple of matters...were a bad and burdensome thing; affluent private expenditure was an economically...consequence, we are now more than ever affluent in our private consumption; the...
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China able to build a relative affluent society: economists
News Wire article from: Xinhua News Agency; 12/7/2002; 480 words
; China able to build a relative affluent society: economists BEIJING, Dec. 7 (Xinhua) -- The...can achieve the objective of building a relative affluent society, economists said here Saturday. At a forum on the...
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Who is the "Original Affluent Society"? Ipili "Predatory Expansion" and the Porgera Gold Mine, Papua New Guinea.
Magazine article from: The Contemporary Pacific; 9/22/2006; ; 700+ words
; ...KEYWORDS: Porgera, Enga, Papua New Guinea, mining, affluent society, consumerism, utopia ********** In the 1970s...between indigenous groups, environmentalists, and affluent first-world publics (Conklin and Graham 1995...
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Agonies of the Twitterati.(Elsewhere, U.S.A.: How We Got from the Company Man, Family Dinners, and the Affluent Society to the Home Office, Blackberry Moms, and Economic Anxiety)(Book review)
Magazine article from: The American Prospect; 3/1/2009; ; 700+ words
; ...MAN, FAMILY DINNERS, AND THE AFFLUENT SOCIETY TO THE HOME OFFICE, BLACKBERRY...century, have told us that modern society is hurtling forward, its social...presenting the crisis of contemporary society as bearing most sharply, indeed...
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Citizens of the affluent society?(The Battle for Welfare Rights: Politics and Poverty in America; Life after Welfare: Reform and the Persistence of Poverty)(Book review)
Magazine article from: The Women's Review of Books; 7/1/2008; ; 700+ words
; ...the right of poor mothers to full citizenship in the affluent society. That vision of citizenship, Kornbluh points out...larger political vision of a humane and equitable society. To illustrate the complexity of that political vision...
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Affluent society criticised for casting dark cloud over economy;.
News Wire article from: UNB - United News of Bangladesh; 7/13/2008; 700+ words
; Dhaka, July 13 (UNB) - Finance Adviser Dr Mirza Azizul Islam Sunday came down heavily on the affluent society in the capital for casting dark clouds over the economy although it has been doing reasonably well compared to neighbouring countries...
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Unfettered Hope: A Call to Faithful Living in an Affluent Society
Magazine article from: Anglican Theological Review; 4/1/2004; ; 700+ words
; Unfettered Hope: A Call to Faithful Living in an Affluent Society. By Marva J. Dawn. Louisville, Ky.: Westminster...which commodities products and alienates workers until "society is characterized by the proliferation of devices that...
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Excerpts From 'The Affluent Society'
News Wire article from: AP Online; 4/30/2006; ; 557 words
; The Associated Press AP Online 04-30-2006 Excerpts from John Kenneth Galbraith's "The Affluent Society" (1958). ___ On the proliferation of retail goods and the poverty of government services: "The line which divides our area...
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Galbraith analyzed tensions of `The Affluent Society'
News Wire article from: AP Worldstream; 4/30/2006; ; 531 words
; The Associated Press AP Worldstream 04-30-2006 Excerpts from John Kenneth Galbraith's "The Affluent Society" (1958). ___ On the proliferation of retail goods and the poverty of government services: "The line which divides our area...
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 "The Economist (US)")
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Words of warning; Amazon worldwide bestsellers.(The Affluent Society)(The Great Crash, 1929)(Brief article)
Magazine article from: The Economist (US); 1/10/2009; 610 words
; ...diplomat and adviser to Democrat leaders from John F. Kennedy on. For years Galbraith's most famous book was "The Affluent Society", which came out in 1958. But the financial crisis has revived interest in an earlier work, "The Great Crash...
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affluent society
Book article from: The Columbia Encyclopedia, Sixth Edition
affluent society term coined by John Kenneth Galbraith in The Affluent Society (1958) to describe the United States after World War II. An affluent society, as the term was used ironically by Galbraith...
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Affluent Society, The
Book article from: The Oxford Companion to United States History
Affluent Society, The (1958).In response to World...capitalism . John Kenneth Galbraith's The Affluent Society emerged as one of the most influential...Galbraith's prescription for change, The Affluent Society represented an important voice...
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The Development of the Affluent Society
Book article from: American Decades
THE DEVELOPMENT OF THE AFFLUENT SOCIETY Wartime Prosperity As World War II drew to a close many Americans wondered if it would be followed by a return to depression and...
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affluent
Book article from: The Oxford Pocket Dictionary of Current English
...esp. of a group or area) having a great deal of money; wealthy: the affluent societies of the western world | [as pl. n. ] ( the affluent ) only the affluent could afford to travel abroad. 2. archaic (of water) flowing freely or...
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Norwich & Peterborough Building Society
Book article from: International Directory of Company Histories
...as “ terminating societies, ” a group of people...home, at which point the society was “ terminated. ” The mutual aid societies formed by the relatively affluent artisan class were typically...different type of mutual aid society. The lower relative wealth...
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