display all the ideas for this combination of texts
4 ideas
| 20722 | Acquisition and low consumption lead to saving, investment, and increased wealth [Weber] |
| Full Idea: If people are acquisitive but consumption is limited, the inevitable result is the accumulation of capital through the compulsion to save. The restraints on consumption naturally served to increase wealth by enabling the productive investment of capital. | |
| From: Max Weber (The Protestant Ethic and the Spirit of Capitalism [1904], 5) | |
| A reaction: [compressed. He also quotes John Wesley saying this] In a nutshell, this is how the protestant ethic (esp. if puritan) drives capitalism. It also needs everyone to have a 'calling', and a rebellion against monasticism in favour of worldly work. |
| 20724 | When asceticism emerged from the monasteries, it helped to drive the modern economy [Weber] |
| Full Idea: When asceticism was carried out of the monastic cells into everyday life, and began to dominate worldly morality, it did its part in building the tremendous cosmos of the modern economic order. | |
| From: Max Weber (The Protestant Ethic and the Spirit of Capitalism [1904], 5) | |
| A reaction: Since Max Weber's time I should think this is less and less true. If you hunt for ascetics in the modern world, they are probably dropped out, and pursuing green politics. Industrialists are obsessed with property and wine. |
| 20717 | Capitalism is not unlimited greed, and may even be opposed to greed [Weber] |
| Full Idea: Unlimited greed for gain is not in the least identical with capitalism, and is still less in its spirit. Capitalism may even be identical with the restraint, or at least a rational tempering, of this irrational impulse. | |
| From: Max Weber (The Protestant Ethic and the Spirit of Capitalism [1904], Author's Intro) | |
| A reaction: The point is that profits have to be re-invested, rather than spent on pleasure. If we are stuck with capitalism we need a theory of Ethical Capitalism. |
| 20718 | Modern western capitalism has free labour, business separate from household, and book-keeping [Weber] |
| Full Idea: The modern Occident has developed a very different form of capitalism: the rational capitalist organisation of free labour …which needed two other factors: the separation of the business from the household, and the closely connected rational book-keeping. | |
| From: Max Weber (The Protestant Ethic and the Spirit of Capitalism [1904], Author's Intro) | |
| A reaction: For small businesses the separation has to be maintained by a ruthless effort of imagination. Book-keeping is because the measure of loss and profit is the engine of the whole game. Labour had to be dragged free of family and community. |