3min chapter

In Our Time: Philosophy cover image

Weber's The Protestant Ethic

In Our Time: Philosophy

CHAPTER

Is There a Religious Basis for Capitalism?

Capitalism is a cast of mindan he has a wonderful phrase where he calls it the economic way of viewing things. He says that there's a religious basis for this fundamental framework of thinking, how capitalists think. It's never been automatic to think like that ever before. This is what teber is saying. No civilization has brought in a capitalist mentality that we always calculate the profit. We always know what the bottom line is. And an example of this rationalist thinking in economics is, for instance, double entry bookkeeping, which appears in acts 14 85. Thewhole thing about a budget is that you know how much you're putting into the business on a yearly basis, and

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