German sociologist Max Weber (1864 -1920) developed the Protestant-ethic thesis in two journal articles published in Weber argued that Reformed (ie, Calvinist) Protestantism was the seedbed of character traits and values that under-girded modern capitalism

German sociologist Max Weber, in The Protestant Ethic and the Spirit of Capitalism (, held that the Protestant ethic was an important factor in the economic success of Protestant groups in the early stages of European capitalism; because worldly success could be interpreted as a sign of eternal salvation, it

The phrase was initially coined in by Max Weber in his book The Protestant Ethic and the Spirit of Capitalism

A Protestant is an adherent of any of those Christian bodies that separated from the Church of Rome during the Reformation, or of any group descended from them Gradually, protestant became a general term, meaning any adherent of the Reformation in the German-speaking area

According to Marx, in a capitalist society, religion plays a critical role in maintaining an unequal status quo, in which certain groups of people have radically more resources and power than other groups of people Marx argued that the bourgeoise used religion as a tool to keep the less powerful proletariat pacified

For given religious beliefs, increases in church attendance tend to reduce economic growth In contrast, for given church attendance, increases in some religious beliefs — notably heaven, hell, and an afterlife — tend to increase economic growth

Pope John Paul endorses neither capitalism nor communism, nor does he propose some third way between the two or some economic model of its own

Milton Friedman, whose work influenced Ronald Reagan and Margaret Thatcher, was one of the more well-known proponents of this image of a market-based heaven on earth He called it the ‘fecundity of freedom’ (Friedman and Friedman 1980, 3)

Article shared by : His study says that religion which is based on cultural needs of man has now added new dimensions to human life and human development Weber suggested that the protestant institution and its ethics have played an important role in the development of their economy

Max Weber (1864- 1920) is perhaps best known of his work on the Protestant Ethic and the Spirit of Capitalism His views have been much debated but the key idea in Weber was that there was a link between the rise of capitalism and an ethos of self control associated with Protestant reformation

Max Weber, (born April 21, 1864, Erfurt, Prussia [Germany]—died June 14, 1920, Munich, Germany), German sociologist and political economist best known for his thesis of the “Protestant ethic,” relating Protestantism to capitalism, and for his ideas on bureaucracy

Weber argued that power can take a variety of forms A person’s power can be shown in the social order through their status, in the economic order through their class, and in the political order through their party Thus, class, status and party are each aspects of the distribution of power within a community

In Marx’s view, social stratification is created by people’s differing relationship to the means of production: either they own productive property or they labor for others In Marxist theory, the capitalist mode of production consists of two main economic parts: the substructure and the Superstructure

Weber identified three aspects of class: (i) a specific causal component of actors life chances (ii) which rests exclusively on economic interests and wealth, and (iii) is represented under conditions of labor and commodity markets The possession of property defines the main class difference, according to Weber

There are relatively few ascribed statuses; the most common ones are our biological sex, race, parents’ social class and religious affiliation, and biological relationships (child, grandchild, sibling, and so forth)

Max Weber formed a three-component theory of stratification in which social difference is determined by class, status, and power