“Asceticism and the Spirit of Capitalism” by Max Weber (Pre-Read)

Max Weber (1864–1920) was a major German sociologist, historian, philosopher, and economist renowned for his theory of the "Protestant Ethic," which argues that Protestant values, particularly hard work and frugality, contributed to the emergence of modern capitalism. Weber's work explored how culture and religion shape economic and social behavior, thereby subverting purely materialist theories of history.

In Chapter 5 of his most famous work The Protestant Ethic and the Spirit of Capitalism (1905), titled "Asceticism and the Spirit of Capitalism", Max Weber examines how Protestant asceticism, particularly from Calvinism and Puritanism, fostered a disciplined, rational approach to life that aligned with capitalist principles. Asceticism encouraged believers to work diligently, avoid luxury, and view economic success as evidence of divine favor. This worldly asceticism, Weber argues, created a moral framework that legitimized profit-making and reinvestment. Over time, these values became detached from their spiritual roots, contributing to the emergence of a secular, rational capitalist ethic.

Weber's study highlights the transformative power of cultural, moral, and religious ideas in shaping history, economic behavior, and social structures.

---------------------------------------------------------------------------

For our discussion, please read in advance Chapter 5 of Max Weber's The Protestant Ethic and the Spirit of Capitalism.

You can find a copy here, but you are free to read a different copy/translation if you prefer.