"In Entrepreneurs and Capitalism since Luther: Rediscovering the Moral Economy, Ivan Light and Léo-Paul Dana study the … history of business, capitalism, and entrepreneurship to examine the values of social and cultural capital. Six chapters … entrepreneurship. Light and Dana argue that, in capitalism's early stages, cultural capital is scarcer than social capital and …

itself. This description of entrepreneurship echoes Weber’s (1958 ) description of the “spirit of capitalism,” which states … implications of the spirit of capitalism on monetary policy, growth, and welfare in a Schumpeterian growth model. Different from … the spirit of capitalism is strong. Furthermore, we show the optimal nominal interest rate decreases with the strength of …