Theory
Weberian life chances can be seen as an expansion on some of Karl Marx's ideas. Both Weber and Marx agreed that economic factors were important in determining one's future, but Weber's concepts of life chances are more complex; inspired by, but different from Marx's views on social stratification and social class. Where for Marx the class status were the most important factor, and he correlated life chances with material wealth, Weber introduced such additional factors as social mobility and social equality. Other factors include those related to one socioeconomic status, such as gender, race, and ethnicity.
While some of those factors, like age, race or gender, are random, Weber stressed the link between life chances and the non-random elements of the three-component theory of stratification - how social class, social status and political affiliation impact each individual's life. In other words, individuals in certain groups have in common a specific causal component of their life chances: they are in similar situation, which tends to imply a similar outcome to their actions. Weber notes the importance of economic factors. how the power of those with property, compared to those without property, gives the former great advantages over the latter.
Weber also noted that life chances are to certain extent subjective: what an individual thinks of one's life chances will affect their actions, therefore if one feels that one can become or is a respected and valued member of society, then it is likely to become a reality and results in one being more successful and respected than somebody without this conviction.
In terms of agency and structure, life chances represent the structure, the factors that one has no control over; whereas one's life conduct - values and beliefs, attitude to risk taking, social skills, or more generally, free willed choices about one's behavior - represent the factors one has control over. According to Weber theories, together with life conduct, life chances are responsible for one's lifestyle.
In social engineering, life chances may have to be balanced against other goals, such as eliminating poverty, ensuring personal freedom or ensuring equality at birth.
Read more about this topic: Life Chances
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