Max Weber proved the usefulness of an exclusively economic interpretation of the development of capitalism.

Economic Interpretation

An explanation or analysis of events, documents, or situations through the lens of economic factors and influences.

Development of Capitalism

The historical process and economic system changes that led to the emergence and expansion of capitalism, characterized by private property, market economy, and profit motive.

Max Weber

A German sociologist, philosopher, and political economist whose works are fundamental to the modern field of sociology, known for his ideas on the Protestant ethic and the development of capitalism.