ipl-logo

Protestant Ethic And The Spirit Of Capitalism Summary

1154 Words5 Pages

In “The Protestant Ethic and the Spirit of Capitalism,” Max Weber sought to explain the spirit of capitalism through Protestantism. Max Weber argues that Protestant ethics, ideas and virtues that arose out of the Reformation contributed to the emergence and evolution of modern capitalism. The “Protestant Ethic” is ascetic, characterized as “the practice of severe self-discipline and abstention from all forms of indulgence”, a rejection of worldly affairs, including the pursuit of wealth and possessions (Oxford Reference, 2006). Out of Protestantism originates the concept of a “calling,” which gives worldly activity and a religious character, and creates a sense of comfort of alleviation for believers (Weber, 1905/2008, p. 84). Weber establishes …show more content…

84). According to Weber and Protestantism, the earning of money is the result and expression of virtue and proficiency in a calling (Weber, 1905/2008, p. 84). This protestant ethic, according to Weber, results in the “social ethic of capitalistic culture, and is a sense the fundamental basis of it” (Weber, 1905/2008, p. 84). As revealed by Weber, the “Spirit of Capitalism” refers to a set of virtues and values, including hard work and progress, that favor the rational pursuit of profit and economic gain (Weber, 1905/2008, p. 84). The modern spirit of capitalism sees profit as an end in itself, and the pursuit of profit as a virtuous act (Weber, 1905/2008, p. 84). According to Weber, in the spirit of capitalism or the “philosophy of avarice”, an individual is obligated to be honest and hardworking, serve his duties and increase his capital (Weber, 1905/2008, p. 83). Once capitalism emerged, the protestant ethic became unnecessary, and the spirit of capitalism became an “iron cage,” locking individuals into place as involuntary cogs in a machine, creating positive economic activity in service to mechanized industry, with no foreseeable gain for the individual (Weber, 1905/2008, p.

Show More
Related
901 Words | 4 Pages

This book describes two of the transforming events in America’s economic life, the Homestead Strike and the evolution of Carnegie Steel Company into United States Steel Corporation. Les Standiford frames the events and clash of wills of Carnegie and Frick in the moral framework of Weber’s analysis of the Protestant ethic which some believe gave moral self-justification to those captains of industry. This book views the Homestead Strike through the prism of the personalities and values of two titans of that era, Carnegie and Frick. Did Carnegie, the older, wealthier and more visible, hold the higher moral ground? Standiford declares no winner.

Read More
1404 Words | 6 Pages

William T Cavanaugh (2008), wrote Being Consumed: Economics and Christian Desire which is a philosophical book, which focus on four (4) economic life matters that addresses the consumer culture within society. These four economic life matters are free market, consumerism, globalization and economic scarcity. In order for this topic to be discussed on a theological point of view, the author draws the reader’s attention to human life, the ends of life in God. The key question in every process is whether or not the transaction contributes to the flourishing of each person involved. In order to address these questions the author points to concrete examples of alternative economic practices in which Christians participate-: business, co-operatives, credit union, practices of consumption which marks the vision for Christian economic life.

Read More
505 Words | 3 Pages

At the end of the 19th Century, as the United States was experiencing rapid industrialization, a reconfiguration of the social order yielded opposing visions of social progress. Andrew Carnegie, wealthy businessman, and Jane Addams, founder of Chicago’s Hull House, put forward different methods to achieve such progress, where Addams focuses on creating social capital in a seemingly horizontal manner while Carnegie advocates for a top-down approach. While both of them seem to reap a sense of purpose from their attempts to improve the nation, their approaches vary depending on their vision of the composition of the population they want to uplift. First, Carnegie and Addams’ desire to improve society is partly self-serving. For Carnegie, improving society is the role of the wealthy man who, “animated by Christ’s spirit” (“Wealth”), can administer wealth for the community better than it could have for itself (“Wealth”).

Read More
1191 Words | 5 Pages

During the Gilded Age, Andrew Carnegie became a wealthy man due to his control over the manufacturing and distribution of steel. The Carnegie Steel Company and its use of vertical and horizontal integration allowed Carnegie to control the production and distribution of his steel, which made him into a wealthy industrialist (The New Tycoons 2014). In his article “Wealth”, Andrew Carnegie argues for the wealthy to give back their wealth to the community by providing “public institutions of various kinds … [to] improve the general condition of the people” (Foner 30). He uses this article to promote his Gospel of Wealth idea and provide his interpretation of the changing American society. Carnegie’s Gospel of Wealth stated that “those who accumulated

Read More
1361 Words | 6 Pages

In “The Protestant Work Ethic: Just Another ‘Urban Legend?’” Jonathan Klemens states what the work ethic is and how it applies in American society. Klemens explains that the work ethic has helped the nation as a whole. Klemens explains that people work hard to achieve “the company or organization’s missions” (122). Not only that, Klemens also explains that people would work hard to gain the particular professions they desire instead of just working with no goals.

Read More
1508 Words | 7 Pages

Carnegie stated that it is “much better this great irregularity than universal squalor” (Andrew Carnegie, “Wealth”). I believe that Carnegie contradicts himself with this statement, and I feel that it could be considered to create an ethical situation. Through his works he emphasizes the importance of sharing wealth for the greater good of society and to bridge the gap between the classes, but yet this statement seems to say that only a few are chosen to be wealthy while the rest of society is not. It in some ways undercuts the capabilities of the lower class. The giants of industrialism made their fortunes because of the labor of those worked for them.

Read More
790 Words | 4 Pages

Andrew Carnegie wanted to create a capitalist system, which involved the lower class working underneath of the wealthy, who would then give their surplus of wealth to society The duty of the wealthy is to set an example of modesty among the wealthy, to provide for the needs of those that depend on him and to lend money to his fellow man to give back to the community. The man of wealths duties as carnegie explained in paragraph nine is to “provide the poor a trustee and a sole agent that provides them with wisdom experience and doing for them better than they would do or could do for themselves.” ( Carnegie, paragraph nine). THis system would give the wealthy many responsibilities, but Carnegie believed it was their duty to help others when they were unable to help

Read More
605 Words | 3 Pages

Underpinnings and Effectiveness of Carnegie’s “Gospel of Wealth” In Andrew Carnegie’s “Gospel of Wealth”, Carnegie proposed a system of which he thought was best to dispose of “surplus wealth” through progress of the nation. Carnegie wanted to create opportunities for people “lift themselves up” rather than directly give money to these people. This was because he considered that giving money to these people would be “improper spending”.

Read More
1450 Words | 6 Pages

In his famous Cross of Gold speech, Bryan uses a religious element to discuss the labour theory of economics and to illustrate the moral decline of the government. The true Americans are the “hardy pioneers who have braved all the dangers of the wilderness, who have made the desert to blossom as the rose- the pioneers away out there who rear their children near to Nature’s heart”. Not the … “few financial magnates who, in a back room, corner the money of the world”(811). This is what Bryan considers a problem in the United States. The true businessmen, the farmers and miners, who use their God-given talents, muscle and brain, to create wealth are being overlooked by the capitalists who call themselves businessmen.

Read More
254 Words | 2 Pages

In Andrew Carnegie’s essay “Wealth,” he believed that he had a responsibility to spend his money on something to benefit the greater good. He believe that the rich should distribute their wealth responsibly to benefit society. One of his quotes say, “The man who dies thus rich dies disgraced.” Carnegie starts off talking social Darwinism, the issue of inequality and how and if he could fix it. Capitalism ensured that the smartest and most talented people would rise to the top.

Read More
1696 Words | 7 Pages

This theory, Social Darwinism, was applied to the monopolistic efforts of businessmen as John D. Rockefeller, Jr. so eloquently stated: “The growth of a large business is merely the survival of the fittest” (Nash p. 417). The Gospel of Wealth based on Social Darwinism is the notion that the massive wealth held by prosperous businessmen was for the social benefit of everyone. The advocates of the Gospel of Wealth such as Andrew Carnegie, Russell Conwell, and Horatio Alger linked wealth with a sense of heightened responsibility as those with more wealth had an equally great obligation to society. Each of the advocates of the Gospel of Wealth came from diverse backgrounds, but preached the same ideals.

Read More
1714 Words | 7 Pages

Experience Humanities described the cannon as “a set of principles or rules that are accepted as true…in religion, the approved and authoritative writings are accepted as divinely inspired, such as the scriptures for Jews and Christians; and in religious and other contexts, certain prescribed rituals or official rules and laws” (Noble, Matthew, Platt 666). Christians believe in the bible, the Jews believe in the Tanakh, and the Muslims believe in the Qu’ ran. In order to understand a religion, one must understand the origin, the context, and the meanings laying in the book. The Jews are people group, they do not consider themselves as a race, but as a family. The core of their belief, Judaism, is about relationships: the connection between

Read More
1439 Words | 6 Pages

Humans, by our very nature, are always striving to achieve more in life. Unfortunately, our materialistic society, and that of the Roaring Twenties, interpret this as striving for wealth. That pursuit often becomes all-consuming, eventually hindering our pursuit of gratifying life goals. In The Great Gatsby, F. Scott Fitzgerald depicts wealth as a fraudulent thief whose pursuit must be abandoned for the sake of tangible fulfillment. He illustrates the dangers of attempting to find gratification in wealth through the life of Jay Gatsby, who ironically sacrifices morality, identity, and love in order to gain wealth, which he attempts to use to justify his claim to these very things.

Read More
820 Words | 4 Pages

Before I read Atlas Shrugged by Ayn Rand, I associated a love for money as greediness and materialism. “The words ‘to make money’ hold the essence of human morality.” This statement has changed my view of money and it’s impact on society. In Rand’s book, a character by the name of Francisco d’Anconia gives a speech on the virtue of wealth after being called out for being a depraved product of money. He is scorned for his profits through the downfall of his competitors, but then ultimately talks about the problems his own company faces.

Read More
846 Words | 4 Pages

Capitalism is understood to be the “economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.” In modern society, capitalism has become the dominant economic system and has become so integrated that it has resulted in a change in the relationships individuals have with other members of society and the materials within society. As a society, we have become alienated from other members of society and the materials that have become necessary to regulate ourselves within it, often materials that we ourselves, play a role in producing. Capitalism has resulted in a re-organization of societies, a more specialized and highly segmented division of labour one which maintains the status quo in society by alienating the individual. Karl Marx and Emile Durkheim theorize on how power is embodied within society and how it affects the individuals of society.

Read More

More about Protestant Ethic And The Spirit Of Capitalism Summary

Related Topics

Open Document