The Business Cycle Theory - Economics

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Re: The Business Cycle Theory - Economics May 22, 2010
At least you embraced capitalism yourself. Your mind might be crocket, but you earn the dough in a capitalist way.

Goodnight. ;)

RobbyG
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Re: The Business Cycle Theory - Economics May 22, 2010
RobbyG wrote:At least you embraced capitalism yourself.


You catched me. Did you call me double-faced and back-stabbing? :twisted: :D
Red Chief
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Re: The Business Cycle Theory - Economics May 22, 2010
I prefer to call you 'rational'. Wise decision mate. Now think like a true capitalist. Show some ethics. :D
RobbyG
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Re: The Business Cycle Theory - Economics May 22, 2010
RobbyG wrote:I prefer to call you 'rational'. Wise decision mate. Now think like a true capitalist. Show some ethics. :D


"The Protestant Ethic and the Spirit of Capitalism" is one of my favourit book, but it's another topic, which would be difficalt to discuss with our home-bred clerics.
:D :D :D
Red Chief
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Re: The Business Cycle Theory - Economics May 22, 2010
The Protestant Ethic and the Spirit of Capitalism is a book written by Max Weber, a German sociologist, economist, and politician, in 1904 and 1905 that began as a series of essays. The original edition was in German and has been released. Considered a founding text in economic sociology and sociology in general, the book was translated into English for the first time by Talcott Parsons and appeared in 1930.

In the book, Weber wrote that capitalism in northern Europe evolved when the Protestant (particularly Calvinist) ethic influenced large numbers of people to engage in work in the secular world, developing their own enterprises and engaging in trade and the accumulation of wealth for investment. In other words, the Protestant ethic was a force behind an unplanned and uncoordinated mass action that influenced the development of capitalism. This idea is also known as "the Weber thesis". Weber, however, rejected deterministic approaches, and presented the Protestant Ethic as merely one in a number of 'elective affinities' leading toward capitalist modernity. Weber's term Protestant work ethic has become very widely known. The work relates significantly to the cultural "rationalization" and so-called "disenchantment" which Weber associated with the modern West.


Holy calvinists, you look like a Dutch fella. My fellow man ;)

Great to know you got ethics and trade spirit. His favourite book even. :lol:
RobbyG
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