An essay on the economic effects of the reformation /
[Book]
by George O'Brien.
Norfolk, VA :
IHS Press,
2003.
1 online resource (157 pages) :
illustrations
Originally published: London : Burns, Oates & Washbourne, 1923.
Includes bibliographical references (pages 133-157).
Cover -- Table of Contents -- Introduction -- I. Economic Effects of the Reformation in General -- II. Protestanti sm and Capit alism -- III. Protestanti sm and Soci alism -- IV. Conclusion -- Further Reading.
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This work offers a unique perspective on the rise of capitalism and socialism and the effect of the Reformation. Specific topics include consequences of belief in the private judgment of scriptures; separation of spiritual and secular life; difference between Lutheran and Calvinist teachings on economics; the Calvinist concept of vocation; its perception of material success as a sign of divine election; its praise of frugality and disdain for beauty. Also covered is socialism as a reaction to excesses of capitalism; the manner in which Protestantism had strengthened secular authority; diminuation of charity toward the poor following Reformation; materialism underlying socialism abetted by Protestant emphasis on earthly prosperity; egalitarian ideas traceable to Protestantism; and the ease with which socialism blended into Protestant thought. This is a unique work of economic philosophy in that it examines the ideological causes of the economic changes of the period, thus offering a refreshing philosophical perspective rather than merely the mathematical or statistical sides of the question.