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.
rationality, formal See FORMAL RATIONALITY.
More From encyclopedia.com
Rationality , Philosophers have, at least characteristically, aspired to possess "rationality" but have not thereby sought exactly the same thing. Portrayed vaguel… functional rationality , functional rationality A concept originating in the work of Max Weber and used by Jürgen Habermas in his development of Parsonsian social theory. It… Rationing , RATIONING. Food rationing is a program by which governments or private organizations oversee the allotment of food to citizens, usually during times… Rational Number , A rational number is one that can be expressed as the ratio of two integers such as 3/4 (the ration of 3 to 4) or –5:10 (the ration of –5 to 10). Amo… Rationalization , Rationalization is a process of converting an irrational number into a rational number, which is one which can be expressed as the ratio of two integ… Rationalism , A theory or system that exaggerates reason's independence from the senses in philosophy or from supernatural revelation in religion. Although it appe…
About this article
All Sources -
Updated Aug 08 2016 About encyclopedia.com content Print Topic
You Might Also Like