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Was Weber Wrong? A Human Capital Theory of Protestant Economic History

Becker, Sascha O.; Wößmann, Ludger - 2007

Max Weber attributed the higher economic prosperity of Protestant regions to a Protestant work ethic. We provide an alternative theory, where Protestant economies prospered because instruction in reading the Bible generated the human capital crucial to economic prosperity. County-level data from...

Persistent link: https://www.econbiz.de/10010427495

From economic gains to social losses: How stories shape expectations in the case of German municipal finance

Fastenrath, Florian; Orban, Agnes; Trampusch, Christine - 2017

This paper analyzes how stories shaped treasurers' expectations in municipal swap activities and contributes to the sociological debate on the mechanisms of expectation formation. Employing a deductive variant of process tracing, it synthesizes the literature on expectations in economic decision...

Persistent link: https://www.econbiz.de/10011779500

Capitalism as a system of contingent expectations: Toward a sociological microfoundation of political economy

Beckert, Jens - 2012

Politische Ökonomie und Wirtschaftssoziologie haben sich relativ isoliert voneinander entwickelt. Während die … Politische Ökonomie vornehmlich Makrophänomene untersucht, konzentriert sich die Wirtschaftssoziologie zumeist auf die Ebene der … sozialen Interaktion in der Wirtschaft. Der Beitrag zeigt, dass die Wirtschaftssoziologie Grundlagen für eine Mikrofundierung …

Persistent link: https://www.econbiz.de/10010309619

Protestant Ethic, Status Seeking, and Economic Growth

Rauscher, Michael - 1997

Commodities do not only serve the purpose of satisfying direct needs in the production and con-sumption process. Some of them can also be used to display social status and to affect the position of an individual in society. This paper addresses the question under which circum-stances...

Persistent link: https://www.econbiz.de/10010319306

Cultural diversity, geographical isolation, and the origin of the wealth of nations

Ashraf, Quamrul; Galor, Oded - 2012

This research argues that variations in the interplay between cultural assimilation and cultural diffusion have played a significant role in giving rise to differential patterns of economic development across the globe. Societies that were geographically less vulnerable to cultural diffusion...

Persistent link: https://www.econbiz.de/10010282579