Weber's view on capitalism

Topics: Calvinism, Christian terms, Max Weber Pages: 4 (1080 words) Published: October 10, 2013
Weber's view on capitalism

Weber argued that capitalism was closely linked this to the protestant work ethic (Calvinism). He said that Calvinism formed capitalism over a period of time. The strong work ethic lead to an accumulation of wealth due to the lack of spending Calvinists performed. It was seen that greed/spending money was a challenge to God and as the Calvinists wanted Gods ‘approval’ they did not spend. Calvinists believe in predestination which means you are chosen to go to or not to go to heaven, before you were born. There was no way to prove if you were or not, only that the people who where predestined to go to heaven had a strong, hard work ethic. This high accumulation of wealth led to the Calvinists investing their money back into their businesses instead of spending it. This led to and formed capitalism. However, Capitalism existed before Calvinists in some areas, which goes against Weber ’s theory that Calvinists work ethic formed Capitalism. Also, Scotland developed capitalism much later then many other countries despite being strongly Calvinist.

Weber's view on capitalism

Weber argued that capitalism was closely linked this to the protestant work ethic (Calvinism). He said that Calvinism formed capitalism over a period of time. The strong work ethic lead to an accumulation of wealth due to the lack of spending Calvinists performed. It was seen that greed/spending money was a challenge to God and as the Calvinists wanted Gods ‘approval’ they did not spend. Calvinists believe in predestination which means you are chosen to go to or not to go to heaven, before you were born. There was no way to prove if you were or not, only that the people who where predestined to go to heaven had a strong, hard work ethic. This high accumulation of wealth led to the Calvinists investing their money back into their businesses instead of spending it. This led to and formed capitalism. However, Capitalism existed before Calvinists in some areas,...
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