Understanding of Market and Market Economy from a Protestant Perspective
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.
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