Weber thus sees class, status and party as cross-cutting and offers a more complex theoretical matrix of individual class position that marx did weber's approach is useful precisely because it allows us to describe the complex reality of contemporary society and comprise of different intertwining features.
Max weber's theory of stratification - summary max weber, like karl marx, begins his analysis of class and social stratification from an economic point of view, arguing that 'property and lack of property are the basic categories of all class situations. Weber argues that groups are more likely to be formed on the basis of status or status honour than from class situation or class in contrast to classes, status groups are normally groups they are, however, often of an amorphous kind.
Now status groups hinder the strict carrying through of the sheer market principle in the present context they are of interest to us only from this one point of view. The three-component theory of stratification, more widely known as weberian stratification or the three class system, was developed by german sociologist max weber with class, status and power as distinct ideal types weber developed a multidimensional approach to social stratification that reflects the interplay among wealth, prestige and power.
Max weber: i class, status, part in this work, weber sets out a broad view of how society is organized he posits three dimensions upon that collections of people can be grouped under: economic, ‘honor’ or ‘life-style’, and “power” these three are, of course, related.
The three-component theory of stratification, more widely known as weberian stratification or the three class system, was developed by german sociologist max weber with class, status and power as distinct ideal types. Weber argued that power can take a variety of forms a person's power can be shown in the social order through their status, in the economic order through their class, and in the political order through their party thus, class, status and party are each aspects of the distribution of power within a community.
Entrepreneurial function and all chances to share directly or indirectly in returns on capital property and lack of property are, therefore, the basic categories of all class situations. Class is created through the economic situation of different portions of society, but for weber, it is an abstraction and can perform no actions of its own this is where status and party groups come into play.