It is this rational capitalism that Weber wanted to study. But never before in human history did the desire for wealth assume the organised and disciplined form that it did in modern or rational capitalism. Wealth has long been regarded as a symbol of power, status and prestige. The desire for wealth or profit is as old as human history. However it is the inter-relationship and interdependence of “ideational” and “material” factors in history.Īs far as capitalism is concerned Weber says it is a huge historical movement in a specific geographical and cultural area. In order to bring out this inter-relationship, Weber constructed ideal types of both, the protestant ethics and the spirit of capitalism. Weber argued that the protestant ethic is closely associated with the spirit of capitalism. Western capitalism according to weber, assumed its shape because it was supported by a certain belief system, namely the “protestant ethic”. Weber located a positive relationship between the protestant ethics and the spirit of capitalism. Relevance: Sociology: Paper I: Sociological Thinkers: Max Weber: Protestant Ethic and the Spirit of capitalism
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