DSOC 1101 Study Guide - Midterm Guide: Iron Cage, Economic Rationalism, Making Money
12 Jun 2016
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Smith, weber, marx believed that money represents labor. Protestant religion (i. e. calvinism) protestant ethic economic rationalism spirit of. Spirit of capitalism: to goal of making money is to make money, save it (asceticism). Weber is not promoting spirit of capitalism, simply explaining it. He criticizes the iron cage of rationalism as limiting human"s creativity. The places with the best economies were protestant because predestination encouraged economic growth: calvinism"s doctrine of predestination says that those who are the most hardworking will go to heaven. Credit capitalism because gaining resources to make profits was an end to itself. Revolt of rising middle class against state & church regulations. Calvin, a reformer, created a restrictive christian socialism to purify the individual: the rich were strictly regulated, the poor morally judged. Smithian critique: size of market commanded by european traders explains why capitalism developed in europe: increased population, increased market, better economy.
