Understanding of Market and Market Economy from a Protestant Perspective

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

Abstract

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.

Published
2016-06-30
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: 23 july 2019. doi: https://doi.org/10.14712/23363398.2016.2.

Keywords

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