Sociology 2240E Lecture Notes - Lecture 2: Wage Labour, Dime (United States Coin), Making Money

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The "spirit of capitalism"" refers to the distinctive mentality that weber determined was intricately linked to the formative period of capitalist development. We don"t believe in good/bad spirits, or ghosts or imaginary world. Is translated as steel-hard casing in the spirit of capitalism excerpt included in - Important because calvinism you were pre-destined whether you will go to either hell or heaven. ** the capitalist was an ascetic-a rational miser(cheapskate/saver &collector) Who was devoted to the task of making money, not in order to enjoy its fruits but to reinvest it to make more money. A man has good and large credit & makes good use of that money(credit) Money is of the prolific (productive/creative), generating nature. Talks about how you should save and invest rather than spending your money/credit on unnecessary expenses. *-you gain more when you invest; which is why capitalist are doing by investing in money and not spending a dime on something (money savers and cheapskates)

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