Summary of Max Webers The Protestant Ethic and the Spirit of Capitalism

14 Id-Who was John Calvin? How did Protestantism contribute to the development of capitalism? Does capitalism seem to fit with Jesus’ message about wealth? What major changes did Martin Luther advocate? What was Martin Luther’s approach on priestly celibacy? Who was St. Francs of Assisi and why was he criticized by Martin Luther? What was Martin Luther’s attitude toward Jewish people?

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.

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

As seen throughout the semester, the debates surrounding capitalism and its role in society are extensive and transcends generations. By virtue of the nature of debates, two broad positions on capitalism evolved in North American Protestantism – one position defends capitalism while the other protests capitalism. The defense of capitalism developed in the 19th century. Being one of the many authors to do so, Charles Sellers attributes the development of capitalism to the Market and Industrial Revolution (Sellers, 21). Consequently, the Second Great Awakening increased religious awareness and significance in the daily lives of Americans (Sellers, 202). Sellers argues it was only through religion that Americans could cope with the stresses of

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

German sociologist and historian Max Weber describes this spirit as “that attitude which seeks profit rationally and systematically in the manner which we have illustrated by the example of Benjamin Franklin [i.e. that time is money, credit is money, and money can beget money]” (Weber). Weber goes on to describe the Calvinistic ‘calling’ as a cause of capitalistic spirit, which was essentially a vocation which a Calvinist is called by God to do. The calling is connected to the gifts that God had given each human being for the good of society. Weber also asserts that because of the Calvinist belief in predestination, there was an uncertainty of purpose among Calvinists, as they felt deeply troubled as to whether they would be saved or not and actively sought signs as to what God’s plan for them was. Eventually, these Calvinists sought God’s approval based upon the commercial profit and monetary gain that came as a result of their calling (Weber). It was the hard work which came as a result of this that gave birth to capitalist spirit. Undoubtedly, Calvinistic economic theory had a huge impact on modern forms of capitalism. The Anglican church, while having some effect on the economy of England at the time, had no profound influence on economics outside of the immediate time period. The only event worth noting is the dissolution of the Benedictine monasteries by Henry VIII in 1536. He destroyed the monasteries in

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.

Religion, as defined by the High Court of Australia, is ‘a complex of beliefs and practices which point to a set of values and an understanding of the meaning of existence’ (Australian Bureau of Statistics 2005) and can be studied either substantively or functionally (Berger 1974:126). Substantive studies of religion fall predominantly in the realm of theology and are more concerned with defining religious beliefs; their historical accuracy; and the existence of supernatural entities (Holmes, Hughes & Julian 2007:425). Sociology however, concerns itself primarily with the relationship between religion and society, examining religion as a social construction (Van Krieken et al. 2010:350-1) and concerned only with the substance of

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

This stress upon the benefits of work fueled capitalist development. However, critics of Weber point out nascent forms of capitalism had developed before Protestantism. They also believe that he misinterpreted Calvinism and Puritanism. But while some Puritans may not have been as economically-minded as Weber would suggest, there is no doubt that by the 16th and 17th centuries, preachers like John Cotton were advocating God "would have his best gifts

Max Weber believed the religion is a deeply rooted institution that has shaped people’s image of the world, which in turn can impact their beliefs and motives. For instance, religion is used different amongst people of various class and statues. Individuals with high class and statues will use religion legitimate their circumstances and their situation in the world. On the other end of the spectrum, underprivileged individuals will lean toward religion that promise rewards for hard work and good morals (CSP). In addition, Weber believed that religion had supplied the framework that aided the development of various social institution, in particular the economy (PA).