Understanding of Market and Market Economy from a Protestant Perspective

  • Jindřich Halama Catholic Faculty of Theology, Charles University in Prague


The contribution seeks to give a brief sketch of Protestant attitude to individual economic activities starting with the Reformation. It follows the development of socio-economic views in the Protestant churches in the time of Puritanism and later in the 19th century. It touches the famous thesis of Max Weber and its critiques and gives a picture of the birth of the so called social market economy in Germany. The Protestant view accepts the basic account for market economy – the strong human motive of self-interest that makes the market economy efficient. At the same time the Protestant understanding of sin sees taming excessive manifestations of self-interest as inevitable. This brings a need for continuous critique of market economy and for efforts to ballance its inclination to selfishness through strong mechanisms of social solidarity.

How to Cite
HALAMA, Jindřich. Understanding of Market and Market Economy from a Protestant Perspective. Acta Universitatis Carolinae Theologica, [S.l.], v. 6, n. 1, p. 33–48, june 2016. ISSN 2336-3398. Available at: <http://theologica.cz/index.php/theologica/article/view/184>. Date accessed: 22 nov. 2019. doi: https://doi.org/10.14712/23363398.2016.2.


Reformation; ethics of work; Puritans; Max Weber; social market economy