Instead, it is the spread of respect for the rule of law regime, which has a much longer history than the democratic polity. However, it is not the Weber thesis linking religion with modern capitalism or economic growth that appears most promising today when enquiring into cultural effects. First published in 1962, Friedman’s Capitalism and Freedom is one of the most significant works of economic theory ever written. Yet, one may probe into the relevance of the concept of a set of civilisations for mankind in the period of globalisation. Theories of political culture have typically refrained from a reinterpretation of the idea of civilisations, as a few well-known traditional approaches to this concept have been severely criticized. Global Capitalism Institutional Economics Political Culture Civilisations Economic Growth Rule of Law Weber’s Thesis Marxist Approach Low and High Politics Principal-Agent Problematic Due Process of Law Economic Sociology Note that he first presented this argument in hi book Capitalism and Freedom published in 1962. Chicago: University of Chicago Press.Ĭivilisations and Capitalism: On Economic Growth and Institutions His argument was straightforward: the social responsibility of a business is to increase its profits. My contribution consisted of an extensive quotation from Capitalism and Freedom, a briefer one from Adam Smith, and a closing invitation: 'Welcome aboard.'1Even in 1978, of the 25 contributors to the symposium other than myself, only 9 expressed views that could be classified as sympathetic to the central message of Capitalism and freedom.
0 kommentar(er)
