Max Weber was born on 21st April 1864 in Erfurt, Prussia. Weber's father was a liberal politician and due to his work, he moved along with his family in 1869. Weber completed his High school majoring in Literature in Berlin and proceeded to complete his university studies in History, Economics and Law at the University of Heidelberg. Max Weber was popularly known for his doctoral thesis on the Italian capital in corporations in the Middle Ages in 1889. His thesis threw immense light on the agrarian history and had a major impact on the public and private law. He was soon regarded as an expert in agrarian history.
[...] Indeed Max Weber stressed the need to check the creditworthiness of issuers and quality values. While the securities are admitted to the coast, no official transaction is possible. The author here refers to the many obligations of distant gold mines and most of the time those who are nonexistent. The problem of the solvency of issuers in the stock market is a persistent problem. It is then necessary to define what speculation is. According to Weber, it is business whose only goal is to earn money by exploiting the difference between the sale price and the purchase price of a side product.”Subsequently Weber attempts to distinguish forms of speculation. [...]
[...] For that, its proposals are requested which are as under: a declaration of assets at the stock exchange needs to be admitted, the right for government authorities to monitor and oppose any stock transaction is to be permitted, and the prohibition of incitement to speculation. These measures highlight the vision of Max Weber's speculation. It can be removed and it is sometimes beneficial to the national economy. However, it must be the prerogative of a few specialists. Conclusion The Max Weber fellowship is a critical tool in the economic war looming at the end of the nineteenth century. [...]
[...] Therefore, based on the above analysis by Weber on the Balance of Trade and its composition, the second definition of scholarship was defined as: "The grant to exchange large quantities of goods such as these" B. Differentiation between scholarship and a single market? The business is done in exchange of goods that are geographically dispersed or otherwise not even produced. The seller in Weber's understanding wants to sell goods at a profit, while the buyer wants to procure its share profitably. [...]
[...] Even if the forward transaction is a speculation on a price difference, it has a commercial purpose and therefore, the desire to insure against the risk of price fluctuation arises. B. Transaction for commercial or speculative operation, which is the border? The decisive role of broker in the futures market The buying and selling futures are tied to a brokerage fee. According to Weber, the cost of time greatly increased interalia with the decisive role of the broker. But the development of brokers' boundary acting 'clean' was fluctuating between the commercial and the speculative operation. [...]
[...] Thereafter Weber deduces and arrives at the following proposition that; stock exchange is only fungible. Two types of goods are the focus of a stock market transaction: i. the products (in the commodity exchange) and ii. Values (in the stock exchange). The Commercial Exchange: It can be divided into as many markets present primarily depending upon specific products (sugar, steel, coal,). The grain and agricultural products were part of the exchange until the end of the nineteenth century where most products traded within the exchange. [...]
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