Abstract

Weber in his early years had taken very seriously the idea that capitalism played an important, perhaps decisive, role in the life of ancient societies. Over time he came to understand the uniqueness of historical structures, and particularly of "rational capitalistic enterprises with fixed capital, free labor, the rational specialization and combination of functions, and the allocation of productive functions on the basis of capitalistic enterprises, bound together in a market economy," which characterizes the modern world. Non-market types of profit-making occur in the ancient world but are not the heart of it. Weber's concept of "political capitalism" assists in explaining those acquisitive activities that possess capitalistic features without identifying the ancient forms with modern capitalism, avoiding the extremes of primitivism and anachronistic modernism