have contributed to the disciplines of economics and sociology. Their contributions combined history with theory, taking into account the interactions between the fields of economics and sociology. Weber viewed the structure of religious and moral thought as being the basic factor engendering changes in economic and social structures, whereas Schumpeter focused on the creative actions of the entrepreneur. Despite these differences in their approaches, it is possible to claim that economic sociology is the common legacy stemming from the writings of Weber and Schumpeter. This study will propose that the analyses of Weber and Schumpeter in the area of economic sociology are crucial methodological tools and provide a comprehensive analytical framework in understanding economic and social structures. Accordingly, this study examines Weber's ideas on economic sociology, by means of rational capitalism, bureaucratization, and iron cage concepts, in addition to Schumpeter's methodology, and his energetic/creative action of the entrepreneur.

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Based on the historical developments in the philosophy of science, it can be claimed that the method of social sciences is mainly dominated by the method of the natural sciences. Social sciences, especially, economics have been affected by the method of physics. From a critical viewpoint, this study aims to scrutinize the method of social sciences by taking into account the concept of devaluation of human beings. The study puts forward that mainstream economics devalue human being at the level of its methodology by excluding the real creator of value from the analyses and by disregarding social and historical factors. The study demonstrates that by taking into consideration the neglected cultural, political and historical factors in addition to the economic ones, the critical theory includes human being and his/her values in the analyses, and hence, it unifies scientific knowledge with human behavior, which is the intentional behavior behind all economic decisions.