Points to remember

R.K Merton coined the concept of the Bureaucratic Personality.
W.Rostow identified stages or the categories within which all societies could be placed economically.
Berger and Luckmann hold that there is a reciprocal interdependence of individuals and society in creating social reality.
Karl Marx and Frederich Engels have put forward materialist variant of the evolutionary theory.
Parsons has given the theory of leisure class. He has given Functional Imperatives comprising of adaptation, goal attainment, integration and latency.
Weber has given the concept of booty capitalism meaning a system in which wealth was acquired by the financing of wars in the expectation of booty.
Seeman isolated the concept of alienation into powerlessness, meaninglessness, isolation and self-estrangement.
Lenin has said that state is a special repressive force of the proletariate by the bourgeoisie of millions of workers by handful of rich.
Weber wrote the book- The Economy and Society.

Veblen gave the concept of conspicuous consumption.
Karl Marx wrote the book -First Indian War of Independence.
Simmel wrote the book-the philosophy of money in 1900.
Karl Polyani gave the concepts of embedded economy and the principles of exchange.
Max Weber in his concept of protestant ethic wrote that it was the decisive factor in the emergence of modern capitalism.
According to Emile Durkheim division of labour in modern society is the principal source of social cohesion or social solidarity.
Mitchell remarked that both material rewards and prestige are accorded differentially so that both integrative and functions are served.
Lambert and Hoselitz commented that the sum spent on marriage and death ceremonies in India could have increased investment by more 50%.
Hobhouse observed that property is to be conceived in terms of the control of men over things.
According to Mckee economic activity is closely involved in the distribution of status and prestige.