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Max Weber: Protestant Ethic and the Spirit of Capitalism
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Max Weber's seminal work, "The Protestant Ethic and the Spirit of Capitalism" (1905), addresses a fundamental question: Why did modern capitalism flourish primarily in North America and Europe? Based on his empirical observations, Weber argues that the Protestant Reformation, particularly the Calvinist emphasis on predestination, significantly influenced economic behaviors that nurtured capitalism. Protestants, in their quest for divine assurance, interpreted success in business as a sign of God's favor, promoting a culture of hard work, frugality, and efficiency.
Weber's insights provide a counterpoint to Karl Marx's views on capitalism. While Marx focused on material conditions and class struggles, Weber highlighted the importance of cultural and religious values in the development of capitalism.
Although explicit religious motivations have diminished over time, the essence of Weber's findings continues to resonate.
Literature:
Max Weber; Peter R. Baehr; Gordon C. Wells (2002). The Protestant ethic and the "spirit" of capitalism and other writings, Penguin
0:00 Max Weber´s Central Inquiry
01:04 The Protestant Ethic
05:16 The Spirit of Capitalism
09:12 The Irrationality
10:15 Spirit of Capitalism Today
Weber's insights provide a counterpoint to Karl Marx's views on capitalism. While Marx focused on material conditions and class struggles, Weber highlighted the importance of cultural and religious values in the development of capitalism.
Although explicit religious motivations have diminished over time, the essence of Weber's findings continues to resonate.
Literature:
Max Weber; Peter R. Baehr; Gordon C. Wells (2002). The Protestant ethic and the "spirit" of capitalism and other writings, Penguin
0:00 Max Weber´s Central Inquiry
01:04 The Protestant Ethic
05:16 The Spirit of Capitalism
09:12 The Irrationality
10:15 Spirit of Capitalism Today
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