Gökçekuyu E.

9. Global İşletme Araştırmaları Kongresi (GİAK), İstanbul, Turkey, 15 June 2023, pp.1-2

  • Publication Type: Conference Paper / Summary Text
  • City: İstanbul
  • Country: Turkey
  • Page Numbers: pp.1-2
  • Anadolu University Affiliated: Yes


The Protestant Ethic and the Spirit of Capitalism," and Milton Friedman's influential book, "Capitalism and Freedom," offer valuable insights into the intricate relationship between religion, capitalism, and the development of Western societies. Weber's analysis focuses on the historical and cultural factors that have shaped the evolution of capitalism, particularly examining the influence of religious beliefs, such as Protestantism. He argues that the Protestant work ethic, emphasizing hard work, thrift, and the pursuit of wealth, played a significant role in fostering capitalism. On the other hand, Friedman, an economist and advocate of classical liberal economics, explores the advantages of free-market capitalism and emphasizes limited government intervention in the economy. While acknowledging the historical impact of religion, Friedman primarily addresses the economic principles of capitalism and its relationship with political freedom. Weber's work draws upon historical research and sociological insights, while Friedman relies on economic theory and empirical analysis. Ultimately, Weber's analysis provides a deeper understanding of how Western societies adopted a capitalist work ethos, while Friedman's "Capitalism and Freedom" promotes a laissez-faire approach to economic policy, advocating for limited government intervention and the benefits of free markets.