i

The journal is open to receive papers throughout the year, except when there are calls for papers published on its Web page. Papers must be sent to the editor's email hcadenas@uchile.cl and not by registering on this page. It should be noted that due to the number of papers received, the evaluation of each paper can take between 4 and 8 months.

MAD also publishes articles in "Early View" version, which have been accepted for publication, peer-reviewed and corrected before the publication of the issue, allowing its readers to have quicker access to its contents. Each article has an online publication date and a DOI, allowing them to be cited as soon as they are published.

Please refer to the "Guidelines for the presentation and submission of papers".

Modernity as a Functionally Differentiated Capitalist Society

Authors

  • Uwe Schimank Universidad de Bremen

Abstract

This contribution presents the theoretical idea that modern society can be conceived of as a capitalist society without contradiction to its characterization as functionally differentiated. A three-component analytical model of capitalist society is proposed. The first component refers to inter-systemic structures and dynamics mediated by money which are peculiar to the relations of the modern economy to the other societal sub-systems. The second component identifies markets as intra-systemic governance structures of the economy with peculiar dynamics that cannot be found in other sub-systems of modern society. Both components are interrelated: Only because the intra-systemic structures and dynamics of the economy have profound inter-systemic repercussions in all other sub-systems, one can speak of a capitalist society brought about by a capitalist economy. These two components are accompanied by a third one: that we live in a capitalist society shapes, as a general cultural pattern of orientation, our actions and thereby becomes a self-fulfilling prophecy.

Keywords:

Functional Differentiation, Capitalism, Modern society, Economy, Social Systems Theory