Understanding of the market and market economy from a protestant perspective

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.

Keywords

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