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The definitive new translation of Max Weber's classic work of social theory--arguably the most important book by the foremost social theorist of the twentieth century. Max Weber's Economy and Society is the foundational text for the social sciences of the twentieth and twenty-first centuries, presenting a framework for understanding the relations among individual action, social action, economic action, and economic institutions. It also provides a classification of political forms based upon "systems of rule" and "rulership" that has shaped debate about the nature and role of charisma, tradition, legal authority, and bureaucracy.