Economic vs. Political Means

On March 30, 1864, German sociologist and economist Franz Oppenheimer was born. This sociologist is most famous for his 1908 book The State, in which he elaborated some consequences of two means for acquiring wealth, the “economic means,” by which he meant private production or by trade, and the “political means,” by which he meant forcible extraction from one group or person by another person or group. Oppenheimer taught in Palestine in the mid-1930s, and fled the Nazis to the United States, via Japan in 1938. In 1941 he became a founder of The American Journal of Economics and Sociology, and died two years later.