'How did the Calvinists beliefs relating to worldly asceticism and predestination, encourage the development of Western capitalism, in Webers view.';
In this essay, I am first going to briefly look at Webers idea and how it differed form the view Marx put forward on the development of Western capitalism. I am then going to look at the way Weber saw 'occidental'; capitalism differing from 'other'; types of capitalism. After this I will touch upon what Weber described as the 'spirit of capitalism';. I will then proceed to explain what effect predestination and worldly- asceticism had an on a Protestant and his calling, and how this therefore encouraged the development of Western capitalism; in Webers view. After this I will look at the
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Weber defined capitalism as being; 'the pursuit of profit and forever renewed profit.';(ibid) Weber saw this form of capitalistic enterprise as existing in many parts of the world, however Weber argued that the west(or the occident) had its own peculiar form of capitalism, which was in some respects different to the 'other'; forms of capitalism.
Weber believed capitalism had different forms(ibid); firstly, capitalism could be of an adventurous nature, with pirates, speculators, and war funders taking individual opportunistic actions to make a profit.(ibid) Secondly, Weber describes a similar type of capitalism which exhisted in India, China, Babylon, and Egypt. Weber saw this to encourage rational calculation to some extent, however as before a large emphasis was placed on the individual to make a profit. Only after a while did the merchants undertaking such capitalist enterprises decide to continue ongoing operations and establish some sort of cohesion to their business's.(ibid)
Thirdly, Weber identified occidental capitalism; which he believed first developed in western Europe and North America. Weber saw this being encouraged by the cultural and social thought of the time, which was based around the idea of 'rationalism';. This is described through examples of the type of science(method of investigation), art, architecture, jurisprudence, and bureaucratic government the West in general had(ibid). Therefore
Before discussing Marx and Weber’s theories we must look at their upbringing and who has influenced their works. Karl Marx was born in West Germany in a small business city called Trier, in 1818 (Karl Marx, Intro. to Part III, Pg.135). Karl Marx was the son of a rich family and
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.
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.
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
Karl Marx, in the Capital, developed his critique of capitalism by analyzing its characteristics and its development throughout history. The critique contains Marx’s most developed economic analysis and philosophical insight. Although it was written in 1850s, its values still serve an important purpose in the globalized world and maintains extremely relevant in the twenty-first century.
Weber's view towards history is that it is not a series of staged progressions. As such his view towards Capitalism was not in accordance to Marx and Engels.
It appears that Weber’s interest is concerned with the development of modern life, more particularly with the spirit of capitalism and the self-organisation system ( Giddens, 1992:x). Weber is interested in certain conduct and behaviour that is associated capitalism and economic lifestyles, this interest is what allows Weber to explore the connection between economic life and Protestantism (Giddens, 1992:xi).
Weber has been considered as an expert on origination of capitalism. His most famous work is The Protestant Ethic and the Spirit of Capitalism. Weber thesis regarding capitalism is rather considered as an argument counter to Marxist thesis (which was regarding primacy of base over superstructure). Weber discussed in his book that capitalism was resulted by Protestantism which was a religious movement or more specifically speaking Calvinism. However any Calvinist who has gone through catechism would have known that seeking a sign of selection by God in economic success, is not a right thing to do; therefore it is a travesty to Weber's thesis (Kilcullen, 1996).
In short, the methodology of Marx and Weber adopted to analysis the development of capitalist society is different. Both of them may share some similarity in the sense that they included economic condition as a factor, but the differ in the sense that Marx believe in 'historical materialism' and argue that class relation of production is the sole determinant of the society; Weber, on the opposite, reject Marx's idea of economic determinism and argued that the development of capitalist society is explain by combination of unique and contingent events, such as the religion reformation of catholic church to protestant church, also led to the change in people's economic orientation and thus the development of capitalist society. Such a division in methodology is important to our understanding of their different understanding of the theory of the stratification of 'class', an important concept in the understanding of capitalist society.
In the mid-19th century, a great system of economics, which would change our lives forever, was formed. That system was called capitalism. Capitalism is an economic system that was created by combining many parts of many other economic systems. Capitalism was based on the idea that private individuals, and business firms would carry out all factors of production and trade. They would also control prices and markets on their own. Mercantilism was the precursor to Capitalism although each of them different in many ways. Mercantilism was for the wealth of the state, while the motive of capitalism was for the wealth of the individual.
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.
In the opposite, Weber rejected the economic determinism of Marxism in the understanding of the stratification of the modern capitalist society. For Weber, the capitalist society is stratified in a two different ways from the Marxist description: On the one hand, the class differentiation is not classified merely by the ownership of means of production. According to Weber, class interest not as a given historical attribute to workers and capitalist, but is an ‘average interests’ of different individuals sharing similar market situation and ‘life chance’. Such ‘life chance’ is defined by the capacity of the individual to create utility and exchange value in the market by the utilization of their property. Therefore, class situation of the propertied is not merely defined by the ownership of means of production, but also returns on investment and rental income, which Marx doesn't take into account; for the class situation of the property-less, people is also fragmented by their differential possession of scarce skills, services and knowledge. Class interest is complex and fragmented.
Max Weber was one of the world's greatest sociologists and wrote a lot about the capitalist world he lived in. He had a different conception of capitalist society than most of his contemporaries. He looked at capitalism from all the different aspects that the philosophy was made of. Some of these aspects are state power, authority, class inequality, imperialism, and bureaucracy. To understand how Weber thought one must look at each area separately then put them all together in a global package.