This website uses cookies to ensure you have the best experience. Learn more

Analysis Of Max Weber's Theory Of Capitalism

949 words - 4 pages

Analysis of Max Weber's Theory of Capitalism

Max Weber’s original theory on the rise of Capitalism in Western Europe has been an often studied theory. In its relationship to Protestantism, specifically Calvinism, Weber’s theory has been in scholarly debate since it’s release in 1904. “The Protestant Ethic and the Spirit of Capitalism” puts forth not capitalism as an institute, but as the precursor to the historical origins of capitalism. Weber’s attempts to use statistical data, as well as church doctrine to prove his theory, has been the foundation for the main arena of debate amongst his peers.

Weber, although touching on other religions and countries, specifically focuses on the Reformation and its correlation to the dominance of capitalism in Western civilizations. He centers his work on the thesis ‘that the chances of overcoming traditionalism are greatest on account of the religious upbringing’, thus ‘it is worthwhile to ask how this connection of adaptability to capitalism with religious factors occurred in the early days of capitalism(1).’ This break with tradition could be attributed to the ‘calling’ as depicted in the Protestant faith. Weber believes Protestants saw the ‘calling’ as finally sanctifying the earning of a profit and as a sign of salvation. In this, he saw a breaking of the ‘backward-sloping supply curve’ for labor by instilling a new work ethic and the bringing forth of capitalistic values.

Amintore Fanfani in his critical work “Catholicism, Protestantism, and Capitalism” disagrees with Weber on the role Protestantism played in the development of capitalism. He argues that “Europe was acquainted with capitalism before the Protestant revolt” and thus “…we have ruled out that Protestantism could have produced a phenomenon that already existed(2).” He does agree that capitalism acquired prominence after the Reformation; however, he attributes the success to Italian merchants who operated under Catholicism decades earlier. Fanfani believes this discredits the influential aspects of religion on capitalism, and instead credits “that general revolution of thought that characterizes the period of the Renaissance and the Reformation, by which in art, philosophy, morals, and economy, the individual emancipates…himself from the bonds imposed on him during the Middle Ages(2).” Arguments could be made on Weber’s behalf that it was the Reformation that ‘emancipated’ Protestants from the bonds of Catholic ritual. The removal of the Catholic priest necessitated Protestants to acquire a higher degree of learning for their own salvation. An education combined with divine sanction towards profit and a sinful attitude towards idleness would only lead towards a diligent work ethic. It can be inferred, in this rebuttal, that the Reformation may have been a guiding factor in the Renaissance and therefore Fanfani’s argument would be inclusive of Weber’s theory.

The argument that capitalism existed before the...

Find Another Essay On Analysis of Max Weber's Theory of Capitalism

The Protestant Ethic and the Spirit of Capitalism by Max Weber

1285 words - 6 pages . Weber didn’t prose a general theory of religion but focused on the interaction between society and religion. Weber believed that one must understand the role of religious emotions in causing ideal types such as capitalism. He explained the shift in Europe from the other worldliness of Catholicism to the worldliness of early Protestantism; according to Weber this was what initiated the capitalist economic system. As he mentioned in his book The

Analysis Of The Different Phases Of Capitalism

1686 words - 7 pages Are We There Yet?An Exploration Into the Stages of CapitalismSociety can be categorized by certain stages in history. Karl Marx?s theory of historical materialism mapped out the evolution of society through five distinct epochs: 1. Hunter-gatherer 2. Tribal 3. Feudal 4. Capitalism and 5. Communism. But are these epochs true to societal evolution? What of the transition between epochs? The questioning of Marx?s theory of historical materialism is

Taylor's and Weber's Theories of Management

1146 words - 5 pages There are several theories that examine an organization and it’s approach to managing work in an effort to develop efficiency and increase production. Two classical approaches to management are Taylor’s scientific management theory and Weber's bureaucratic management theory. Both men are considered pioneers of in the study of management. Taylor’s scientific approach is based on the planning of work to achieve efficiency, standardization

Critically Evaluate Weber's Understanding of Bureaucracy

1127 words - 5 pages ideas continue to form the basis for organization and are still descriptive of all cases. From hence, an intense dispute around his model called "rational system" theory was tremendously raised by considering famous studies of sociologists following the opposite system known as "natural" or human relation school. This essay will therefore critically evaluate Weber's Understanding of Bureaucracy through the aspect of Weber's ideal types that

An Analysis of a Pepsi® Max Soda Advertisement

865 words - 3 pages Marketing food products is a way that different companies get consumers to buy their food or product. Advertisements are everywhere and contain many different pictures and phrases that appeal to a variety of different people. The advertisement I chose to analyze was a Pepsi® Max soda advertisement. The advertisement contains imagery, logos, pathos, and ethos aspects that appeal to certain consumers. The imagery in these advertisements is

Organizational Theory of Behavior of Frederick Taylor, Max Weber, and Henri Fayol

1025 words - 4 pages Organizational Theory and Behavior: Frederick Taylor, Max Weber, and Henri Fayol Since its emergence as a field of study, there have been some important contributions to public administration. Its goal has always been to improve productivity which then improves workplace performance. All of the contributions have been aimed at completing the work with the highest level of efficiency and at the lowest cost. Public administration disciples have

Analysis of Genderlect Theory

1480 words - 6 pages their gender. Although she had no prior knowledge of the Genderlect theory, it is evident that it plays a part in her daily life because she tailors herself to mimic the type of communication style the patient displays. Analysis of Artifact When confronting male patients, Mrs. Bryant emulated the male style of communication. She would often skip or hurry through the formalities of social exchange and instead move straight into questions

Assess the strengths and weaknesses of Marx’s analysis of capitalism

1921 words - 8 pages “Capital is dead labor, that vampire-like, only lives by sucking living labor, and lives the more, the more labor it sucks.”This epitomises karl Marx’s representation and analysis of capitalism. Karl Marx has an abundance of theories and analysis for capitalism, for example exploitation and alienation with these possessing plenty strengths and weaknesses, it isn't a wonder why there have been numerous debates on the subject matter. The

Analysis of Seping-Anderson Three Worlds of the Welfare Capitalism

968 words - 4 pages Esping-Anderson (1990) describes different kinds of welfare state regime types in his book “three worlds of the welfare capitalism”. His book is one of the most cited books in welfare state literature. This is because of all the good things Esping-Anderson states in his book, but also because of some arguments which are considered controversial according to some authors (see Bambra, 2007 for detailed critique). Before elaborating on the critique

The Inevitability of Capitalism

1297 words - 5 pages economics. Her attempt to redefine economic theory based solely upon her own biases is clear and does nothing to support her argument against capitalism being a natural process. Moving on to chapter 3, she describes some of the effects of scarcity that the pre-capitalism society experienced, with regard to farming and famine. She relates this: “Public authorities kept a weather eye on each year’s harvest as it came into the granaries to be stored for

Marx's Critique Of Capitalism

2050 words - 8 pages exploitation of the proletariat by the bourgeoisie will push them to the breaking point, and which point capitalism will be doomed. Based on his analysis, it was inevitable for a classless society to develop.Critique Of The Validity Of His Approach: History has shown, of course, that Karl Marx's dark and desolate view of capitalism has not come to pass. In fact, some might argue that his view failed, since many of the "classless societies" that

Similar Essays

Max Weber's "The Prostestant Ethic: Spirit Of Capitalism"

1681 words - 7 pages (Weber, p.16).2. Ben Franklin's writings illustrate the spirit of capitalism through his words mentioned in Weber's Protestant Ethic. It is illustrated through his advice on work and money and how the young tradesman could earn a certain amount of money in a day by his labor and sits back for the second half of the day when he really could be doubling that amount of money. He actually loses the portion of money that could have been made from

Max Weber's Ideas On Characteristics Of Professions: Profession Of Teaching

2230 words - 9 pages Today we are told we can be anything we can dream up. Although this is true, Max Weber would argue that there are certain characteristics that define a profession. In his eyes the only ideal professions are medicine, law and priesthood. There are eight main points Weber makes each of which I feel can be applied to teaching (Bennet & Le Compte pg. 150). The first thing on Weber's list is that a profession is self-employed and provides a

Max Weber’s "The Protestant Ethic And The Spirit Of Capitalism"

2391 words - 10 pages Max Weber’s work The Protestant Ethic and the Spirit of Capitalism is arguably one of the most important works in all of sociology and social theory, both classical and modern. In the decades since its inception, this work has gone on to influence generations of social scientists with its analysis of the effect of Protestantism on the development of modern industrial capitalism. This work, examining such broad topics as religion, economics, and

To What Extent Does Weber's Account Of 'the Spirit Of Capitalism' Represent A Challenge To Marx's View Of History?

1077 words - 4 pages : Progress ; London : Lawrence & Wishart, 19713. Social and Political Theory lecture notes4. Brooks, Mick, What is Historical materialism?,, November 20025. Weber, Max, The Protestant Ethic and Spirit of Capitalism, Chapter 2 The Spirit of Capitalism, Copied from The University of Virginia hypertexts