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Spirit Of Capitalism Analysis

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The Feeble market camp believe that the market influenced by culture and society. The ideas of the feeble market can be seen in the quote, “the theme throughout is that markets are embedded in, entangled with or otherwise dependent on other parts of society,” Forcade and Healy 2007: 295). This leads to look at how capitalism only thrives in certain cultures and there are specific conditions that help it thrive. The concept of the society having an imporant role in the market can be seen in Weber’s theory on the Spirit of Capitalism and the origins of capitalism.
(Weber) Weber believes that capitalism came Protestantism, with his idea of the Spirt of Capitalism. He believes that to be a good capitalist, that rationality is key. Weber argues …show more content…

They are also many different forms of moral economies. This can be seen in the quote, “that market exchange is saturated with moral meaning-that is, that it involves more or less conscious efforts to categorize, normalize, and naturalize behaviors and rules that are not natural in anywhere, where in the name of economic principles or social ones,” (Forcade and Healy 2007:300). An example of moralizing markets is the concept that the economy is …show more content…

The structure of the auction allows the seller to be protected, so one lower price will not harm their business for the day. The seller is even able to withdraw their product if the price is not to their standards. This creates a moral market because of the relationship between the buys and sellers in the auction. This relationship is much different then sellers and shippers and producers, which is considered not moral. There are rules in place to create this moral system, like, “some try to profit from the two systems by selling in the auction market one day and to shippers directly the next,” (Mackenzie et all 2007:39). There are rules that sellers are not supposed to sell with the market one day and then the shippers or producers for a better deal. This rule is in place because that it would be going against the good relationship created and people would not be acting in a good

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Protestantism offers the concept of a worldly “calling” and also gives worldly activity a religious character. This implies to pursue profit but does not explain the need to. Weber argues that the spirit of modern capitalism views profit as an end in itself and pursuing profit as being noble and pure. He sees Calvinism as being the main source in explaining his

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Salespeople who act unethically risk their company’s business, their jobs and careers, and possible legal consequences. Therefore, I do not think most professional sellers would take that risk. However, the fact that there are laws and consequences for deceitful and unethical practices underscores that it does exist and could be an issue.

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