WAS THE IRRATIONAL MANAGEMENT SYSTEM OF GOVERNANCE THE REASON WHY THE OTTOMAN DID NOT ADOPT CAPITALISM?
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2021
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Abstract
Western societies achieve unprecedented economic growth in the 19th century. On the other hand, The Ottomans becomea state in which economic, political and financial crises have become chronic. Western societies make an economic leap bysuccessfully internalizing modern capitalism. The Ottomans resisted maintaining their traditional mentality. It is claimed thatthe idea of irrational management lies behind the Ottoman not transitioning to capitalism. According to Weber, this irrationalrule of the Ottoman State is expressed in patrimonialism. This study aims to search for the reason why the Ottomans did nottransition to capitalism. Was the Ottoman understanding of management irrational as claimed? According to the result, theOttoman State never wanted to convert to capitalism. The management thought of the Ottomans originated from Islamiclaw. Considering the management principles, it can be argued that the Ottoman State had a unique rational mindset.