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How the West got Rich week's readings and lecture notes

5 Pages
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Department
Political Science
Course Code
POL101Y1
Professor
Jeffrey Kopstein

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How the West got Rich
Readings
Max Weber, The Protestant Ethic and the Spirit of Capitalism, chs.1,2,5.
-Traditional capitalism - to make enough to live a modest life. A rational making and putting away of
money as per peasants.
-Modern capitalism - working hard. Labourers, Large turnover. Competitive. Making a fortune and saving
it.
-Bourgeois principle
-This is part of a person. This is an ethic that is inherent to the individual.
-Its a belief
-Today its no longer a matter of religious affiliation. That capitalist structure works with these ethics in
place. We must adapt to these expectation for economic survival.
-Asceticism - Acquisition of wealth is morally suspect. Even if youre rich you should work. Specialized
labour and being productive and not indulging in luxuries. All part of acalling.”
-Puritans were the chose people and thanked God for being in their situation. Why they loved their work
so much.
-Rational clean and solid comfortsacquisition of wealth as oppose to irrational use of wealth.
-Avoiding being idle acquisition of wealth refraining from irrational spending or new idleness  
riches.
-For Calvinists, labour is not an economic means but a spiritual end.
Lecture - Kopstein, Monday, January 24, 2011
-The west stole the world through imperialism.
-We got there first because of technological superiority.
-NW part of Europe made it the farthest because very powerful.
-Weber noticed that this region was largely Protestant.
-This fact can be traced back deep into history.
-Calvinists adopt attitudes of relaxation.
-Heaven and hell.
-Weber argues that Protestant ethics leads to economic rationality.
-Weber notes that economic and material world spiritual world (non-physical). Those highly concerned
with religion are less concerned with materials.
-While Catholicism forgives people (confession), Protestantism less forgiving. Protestantism demands
rigorous watch over daily life. Its between you and God and the time.
-Religion predates capitalism
-Capitalism works because people naturally labour more than they need to in order to sustain their basic
needs. Weber explains this because work is a duty. Its not in the gains but in the work. We feel like we
have to, not that we need to. This is both the capitalist spirit, and the protestant work ethic.
-Protestantism is about worldly pursuits.
-Calvinism says that man exists for God. Your life is predetermined. motives of God are unknown. The
divine truth is only partly accessible.
-For Weber, the consequence is inner loneliness. There is no priest or church standing between you and
god. Its you vs the world.
-“Intense worldly avidity” to develop confidence that you are part of the elect. Only means to get by: not
to have doubts.
-this is different from earning salvation
-God all the time catholics are more only while in church.
www.notesolution.com
-Protestants take on monkish attitudes. detachment and non luxury/material
-We have to act as Protestants because thats the ethic our society is base on to succeed.
-Marx was live think, Weber is think live. 
-Weber wasnt partial to Protestantism or capitalism he thinks its an iron cage. A fairy take Its inevitable.
-Transformed the world into a society of people that do this.
How the Rest got Rich
Readings
Barbie and the World Economy, LA Times, September 22, 1996
-Trade deficits are difficult to calculate because a products export value is stolen by multiple actors that
contribute to the products manufacturing, which is then bought by one country. Deficit is to only one
country.
-The United States are at a trade deficit with China because the import more than they export. Import
products whose origin is from many places determine what they owe China.
Alexander Hamilton, Report on Manufactures, re-printed in Crane and Amawi, eds., The
Theoretical Evolution of International Political Economy: A Reader, second edition (Oxford
University Press, 1997), pp. 35-47
-Why manufacturing industries are positive things just like how agriculture is positive. People argued in
wasnt good. He enumerates reasons for it being good
-division of labour. people are better at the specific jobs they do instead of trying to do everything.
-The use of machinery is good because community wont be lost well export our stuff to foreign
countries. Manufacture together for foreign countries. Workplace community instead of
agriculture/buyer community.
-Women and children working. Want to be rich and contribute to production of exports. Inclusive
of women and children.
-Promoting emigration. Increasing population and people to be workers, not decreasing the
agricultural workers.
-Diversification of talents doesnt pit men against each other. Everyone has their own talent and
the means to pursue it, domestic gain.
-Country will get rich by expanding as much as they can. Manufactures expend beyond
agriculture. Countries should expand their enterprises for this reason.
-Creating and relying on domestic products creates more stability because of the fluctuative
nature of markets. Will always know a product is available if youre not relying on international
trade.
- Being dependent on foreign policies sucks. Demand changes everywhere. It seems like free trade would
work if one country can produce a good more efficiently than another. The reality is that markets fluctuate
and play a role.
Friedrich List, Political and Cosmopolitical Economy, re-printed in Crane and Amawi,
eds., The Theoretical Evolution of International Political Economy: A Reader, second edition
(Oxford University Press, 1997), pp. 48-54
-True political science recognizes that nations are self interested.
www.notesolution.com

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Description
How the West got Rich Readings Max Weber, The Protestant Ethic and the Spirit of Capitalism, chs.1,2,5. - Traditional capitalism - to make enough to live a modest life. A rational making and putting away of money as per peasants. - Modern capitalism - working hard. Labourers, Large turnover. Competitive. Making a fortune and saving it. - Bourgeois principle - This is part of a person. This is an ethic that is inherent to the individual. - Its a belief - Today its no longer a matter of religious affiliation. That capitalist structure works with these ethics in place. We must adapt to these expectation for economic survival. - Asceticism - Acquisition of wealth is morally suspect. Even if youre rich you should work. Specialized labour and being productive and not indulging in luxuries. All part of a calling. - Puritans were the chose people and thanked God for being in their situation. Why they loved their work so much. -Rational clean and solid comforts acquisition of wealth as oppose to irrational use of wealth. - Avoiding being idle acquisition of wealth refraining from irrational spending or new idleness riches. - For Calvinists, labour is not an economic means but a spiritual end. Lecture - Kopstein, Monday, January 24, 2011 - The west stole the world through imperialism. - We got there first because of technological superiority. - NW part of Europe made it the farthest because very powerful. - Weber noticed that this region was largely Protestant. - This fact can be traced back deep into history. - Calvinists adopt attitudes of relaxation. - Heaven and hell. - Weber argues that Protestant ethics leads to economic rationality. - Weber notes that economic and material world spiritual world (non-physical). Those highly concerned with religion are less concerned with materials. - While Catholicism forgives people (confession), Protestantism less forgiving. Protestantism demands rigorous watch over daily life. Its between you and God and the time. - Religion predates capitalism -Capitalism works because people naturally labour more than they need to in order to sustain their basic needs. Weber explains this because work is a duty. Its not in the gains but in the work. We feel like we have to, not that we need to. This is both the capitalist spirit, and the protestant work ethic. - Protestantism is about worldly pursuits. - Calvinism says that man exists for God. Your life is predetermined. motives of God are unknown. The divine truth is only partly accessible. - For Weber, the consequence is inner loneliness. There is no priest or church standing between you and god. Its you vs the world. - Intense worldly avidity to develop confidence that you are part of the elect. Only means to get by: not to have doubts. - this is different from earning salvation - God all the time catholics are more only while in church. www.notesolution.com
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