HM4

Part1: Write a discussion board about this article, here is the guide about how the article structured, you can pick up your interesting part and explain it, you may look at the part2 as an example, but i think his review is not good enough… “At the beginning of Chapter II of PESC, pp. 8-11, Weber describes the spirit of capitalism. Look at what he cites to illustrate this state of mind. Look at the main characteristics of this spirit of modern capitalism. Weber then goes on to discuss the mental state that this capitalist spirit had to struggle against historically (esp. on pp. 14-18). Look at how Weber characterizes economic traditionalism/the traditionalist economic ethic and the examples he gives of this ethic. Following this to the end of the chapter, he discusses the spirit of capitalism as a rationalistic economic ethic. Look at what he describes as the way economic rationalism has transformed Western societies and the examples of economic rationalism (or "rationalization" as the concept has come to be associated with Weber). On pages 13-14 and 21-22, Weber discusses the relationship between economics and ideas, frames of mind, motivations, etc. Look at how he describes the relationship between economics and social ideas and at the views he argues against.” Part2.“In the beginning Weber discusses the nuances and difficulty the topic of capitalism entails by noting that just trying to pinpoint an exact definition within itself is on going investigation.  He does note however that the spirit of capitalism is free from preconceptions such as religion, letting no prior influence impact the way we should view capitalism for oursleves.  Weber also instills the idea that time and credit are money, leaving you to infer that to waste either will culminate to a loss of money. Weber also explains the idea of interest, using saying like "The good paymaster is lord to another mans purse", translating to if you are punctual and exact you may be responsible to raise the money your friends can spare. Weber reiterates the idea that money regenerates value by nature.  He also states that each person is obligated (a reflection of their character) to pay back any debts or credit owed. Along with this is his idea of piece rate and the fact that complacency among people became a direct result of the raising of the piece rate and an individuals negation to want more. His explanation of the philosophy of Avarice and allusion to Benjamin Franklins civic responsiblilities, our obligation to pay debts and reintroduction and circulation of money are vital to keeping the cycle going and economy growing. I found it interesting that Weber contrasted Marxs greatly, throwing away ideas of historical materialism and instead going with a more traditional approach that are served with clever allusions to both Benjamin Franklin and Ferdinand Kurnberger.” Based on the article and your personal perspective, write a response to this student. (100 word minimum)