๐ Theory of Religious Beliefs | ๐ 1905 | ๐ค Max Weber
Max Weber, a renowned sociologist, introduced the Theory of Religious Beliefs in his seminal work The Protestant Ethic and the Spirit of Capitalism.
๐ Core Idea of the Theory
Weber argued that religious values and beliefs significantly influence economic behavior, particularly entrepreneurship.
โ๏ธ Protestant Work Ethic
He focused on Protestantism, especially the Calvinist branch, which emphasized:
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๐ผ Hard Work
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๐ฐ Thrift (Saving and Simplicity)
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โณ Discipline
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๐ Individual Responsibility
These values shaped a cultural environment that encouraged entrepreneurial behavior and economic success.
๐ Entrepreneurial Impact
Weberโs theory implies that religious and cultural backgrounds can:
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Foster a positive entrepreneurial spirit
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Make individuals more inclined toward risk-taking and economic ventures