Book Review on Max Weber’s The Protestant Ethic and the Spirit of Capitalism
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economics
book review
date published 23/04/2008
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SummaryAccording to Weber, industrial capitalism emerged in the west though the convergence of a number of key factors. Capitalism itself had existed in areas of the world prior to the west and had even shared some of the same key factors. For instance, capitalist enterprises were found to have developed in places like China, and Egypt yet they failed to become perpetual and broke down into a series of smaller enterprises. One could argue that they lacked the union of Weber’s proposed factors, as well as a social carries to guide the required moral framework on a grand scale. According to Weber the main factors which gave rise to industrial capitalism in the west were the convergence of accounting practices, separation of the home from work, formally free wage labor, predictable law, and distinctive social carriers.
Table of Contents- Advanced mathematical systems existed in places such as India prior to industrial capitalism.
- According to Weber important influential factors conductive to change are carried by prominent individuals and organizations within societies.
- The moral beliefs and life practices of protestant asceticism played a crucial role in the development of modern capitalism.
- Although Pietism and Calvinism were similar in many ways they did in fact share one distinct difference.
- The baptizing sects and churches of Protestantism also several similarities and differences with Calvinism.
- Weber argues that people in modern capitalism society are forced to adopt the same ideals held by the Puritans.
- Marx believed that just as one cannot judge someone of what they think of themselves, you cannot judge a period of transformation by its consciousness.
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