American International Journal of Social Science

Are There Still Traces of Protestant Ethics in Modern Capitalism?
Sugeng Susilo Adi

Abstract
The decline of communism in the beginning of the 1990s made capitalism the only ideology. This paper discusses Max Weber's thesis stating that the rise of capitalism was influenced by the spirit of Puritan ethics. It also tries to relate the American values and the history of capitalism during the American colonial era in the middle of the 17th century. Some cases of the impact of overdeveloped capitalism are also highlighted in this paper.

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