Literature Review : The Protestant Ethic And The Spirit Of Capitalism

and subsequent reinvestment of capital, is an end that both Weber and Marx reach in their analyses of society and agree on in definition. However, while Marx tells us that phantoms of the brain i.e. morality, religion, ideology, cannot develop independently of material production or influence it, Weber argues that ideas and religion can indeed determine life and the processes of life, namely our material production. The key difference between the two is their scope of factors that can cause historical development. Marx only allows for one factor, productive forces and the economic conditions resulting from them; Weber, on the other hand, acknowledges that while ideology and religion can support the economic relations as a driving factor, they can also develop independently and become a factor, a force on its own that can alter production, economic conditions, and thus history. By accounting for the multiple ways in which a society can be altered, Weber provides a more complete and applicable understanding of historical development and the powerful concept that an idea from an individual or group of individuals can have a legitimate and significant effect on the direction of society.

Work ethic is one of the biggest factors of American economy, is he support system of out country. Many have different opinions about this broad concept, Jonathan Klemen mentions in his essay “The protestant work ethic: just another “urban legend”” that work ethic is personalized by those who have found their passion and who have found work that provides social and personal satisfaction. He also believes that in order to achieve success you only have to work hard and concentrate in he principals of the protestant work ethic ideologies. Therefore I disagree with Klemen's conservative claims about the American work ethic because his expectations and presumptions are no where near as attainable as in he past,which effects the probability for certain social groups of people to achieve success.

It is important to understand that Weber believed capitalism was fuelled by ideas, such as Protestantism, specifically Calvinism. His belief was that Protestants were very different to Catholics, spending more time focusing on their community rather than purely focusing on their own individual families. They worked towards a common goal, to ensure they worked to their full potential. Weber claimed that Protestants experienced feelings of guilt and directed these negative emotions into their work which Weber called “The Protestant Work

Weber argues that religious beliefs contributed to major social change- specifically the emergence of modern capitalism in Northern Europe in the 16th and 17th centuries. Modern capitalism differs from capitalism as it is based on systematic, efficient and a rational pursuit of profit and profit for its own sake rather than consumption. Weber calls this the spirit of capitalism.

We currently live in a market society that is completely different from past societies. In market society, the society is a system of self-regulating market as a whole (Polanyi 43). People are needed to act and think in particular ways for the market society to function (Polanyi 68). For instance, people in market society believe that economic relations are more needed than interpersonal relations (Polanyi 44). Polanyi calls the emergence of market society “the great transformation”. My thesis is the change to market society is a fundamental transformation due to market society being characterized by self-regulation, fictitious commodities and an emphasis on individuals, which are considerably different from past societies. A number of the differences that take place under the workplace in the system of market society will also be shown. Furthermore, the thoughts that people have about the world in market society will be explained by pointing out the association between the “spirit of capitalism” and the “protestant work ethic”. Lastly, the reasons why these ideological conditions are essential to the emergence of market society will be provided.

This dramatic increase resulted in great periods of growth and invention (Hatzifotis, 2017). Max Weber’s The Protestant Ethic and the Spirit of Capitalism looked at the relationship between Protestantism and the emergence of modern capitalism. He discussed how Protestant’s involvement in business and profiting was

He attributes the existence of this work ethic in such an entitlement based society to the translation of The Protestant Ethic and the Spirit of Capitalism in the 1930s. He attributes the book, written by Max Weber, to starting America’s love affair with the work ethic. This work ethic, he claims, led to the dominance of American enterprise and world leadership.

I believe that Max Weber’s most acclaimed work ‘The Protestant Work Ethic and The Spirit of

During the period of time that Samuel and his wife begin to follow Miller and his movement, Powers most clearly shows Samuel’s Calvinistic mindset. When arguing over the question of whether or not the Clare’s pursuit of profit was moral, Samuel gives the reader their biggest glimpse into his views related to predestination and God’s gifts to his chosen followers: “If they had been committing some wrong, Samuel assured her, they could not have stayed in the business so long. Prosperity only proved how fully they satisfied the wishes of both God and men” (89). Weber believed that through their pursuit of eternal life, the Calvinists created a business model of hard work and moral superiority, all things that Samuel brings to J. Clare and Sons.

One expects Weber to Capitalism is a result of Protestantism or to be more specific, Calvinism. Calvinism believes God has granted few with salvation whereas others have to go through damnation. This virtue isn't dependent on their good or bad actions/ deeds but because God wanted it in a certain way. This belief made believers of Calvinism worried about their salvation and made them invest more efforts into economic success. This, in turn, made them believe that they were the chosen favourites of God. Furthermore, the profits made by Calvanists were re-invested into the business for further profits rather than self-indulgence. Hence, the concept of "Protestant ethic" came into place which generally refers to desire of having enormous economic success and will of working hard. This concept of "work ethic"

Max Weber believed Protestants compared to Catholics were more likely to hold business occupations based on the observation; that the capitalist structure rose alongside with Protestant reformation. This meant there was a direct positive correlation between capitalism and Protestantism. Because Protestants believe working hard here on Earth will secure them a position in Heaven; this leads to capitalism. I can see the connection Weber made, because religion is usually central to one’s life, it would be a primary motivator for working hard because of the idea of life after death. So I, for example, will work hard and strive to be the best person I can be, in order to be allowed entrance into heaven. The protestant reformation lead to new innovations such as the printing press. Religion could be seen as a factor that pushed this technological advancement because Protestants were now able to build an interpersonal relationship with God while also being able to interpret the bible for themselves.

As Christians, we are required to show God’s rule in all occupations. We exercise dominion by becoming good stewards to the gifts He has bestowed upon us. God expects us to use our gifts to the fullest. “From everyone who has given much, much will be demanded; and from the one who has been entrusted with much, much more will be asked.” Luke 12:48 (NIV). The idea of biblical entrepreneurship and the Christian worldview are closely related.

For Weber, the idea of rationalism rational thought based on societal efficiency and productivity, runs through his works particularly The Protestant Ethic and the Spirit of Capitalism. In this seminal work, Weber argues that the idea of Protestantism contributes to history and economics in that piety and the chance for a better life after death cause humans to strive for economic gain in certain ways, whereas that is not always using work as an expression of self - it is work, as Marx might say, for the ends justifying the means, rather than the means justifying what work is being done. Authority, then, rather than being solely economic, does have at its

Both Karl Marx and Max Weber assert that capitalism is the dominion of abstractions and the irrational accumulation of abstract wealth for the sake of wealth. For Marx, the state of capitalism is entrenched in the social classes to which people have bben assigned. Capitalism, according to Marx, is a result of the bourgeoisie 's ascent to economic and political power. This fuels the manifestation of a system that exploits the labour power of the lower socioeconomic classes for the gain of the higher socioeconomic classes. Weber understands the state of capitalism to be the end product of the work ethic of the Protestant branches of Christianity and the secularization of Protestant puritanism, which helped fuel rationalism. Capitalism, according to Weber, is to be understood as the relations and methods of production and commodities, now rationalized. Ultimately, Marx ascribes the ascent of capitalism to the exploitation of people and power, while stressing that such a system can be overcome by a communist revolution, whereas Weber states that such a system is the result of cultural choices and is not as convinced that capitalism can be overcome.

Weber was concerned to demonstrate, contrary to Marx's thought, that culture was not reducible to the economic aspect of a society. Weber insisted that culture was to be considered as an autonomous value-sphere of any society. We might define such a value-sphere as; "..a distinct realm of activity which has its own inherent dignity and in which certain values, norms, obligations are inherent." (Brubaker:1983) Not only is this value-sphere of culture autonomous but, for Weber, it has the ability to construct forms of economic activity! For Weber, culture is seen as an agent in the production and maintenance of social relations. For