WEBER’S SOCIOLOGICAL THEORY OF ENTREPRENEURSHIP
Social Psychology (10th Edition)
10th Edition
ISBN:9780134641287
Author:Elliot Aronson, Timothy D. Wilson, Robin M. Akert, Samuel R. Sommers
Publisher:Elliot Aronson, Timothy D. Wilson, Robin M. Akert, Samuel R. Sommers
Chapter1: Introducing Social Psychology
Section: Chapter Questions
Problem 1RQ1
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Please explain the photo attached
TOPIC: WEBER’S SOCIOLOGICAL THEORY OF ENTREPRENEURSHIP

Transcribed Image Text:WEBER'S
SOCIOLOGICAL
THEORY
emergence of
in an
Thus, in explaining the
modern entrepreneurship traits
individual, this theory shows that his
religious and ethical approaches serve as
the major determinant. Furthermore, the
theory
also explains that if the
individual belongs to a society where
capitalistic approaches dominate, they
will possess entrepreneurial qualities.

Transcribed Image Text:WEBER'S SOCIOLOGICAL
THEORY
Weber distinguished between religions that
encourage capitalism from those that do not. In
particular, Weber noted that Hinduism, Buddhism
and Islam may
be
and
entrepreneurship.
Buddhism
purportedly have a focus on the present moment
and tend to shun materialism, making them
problematic to the pursuit of entrepreneurial
goals. He suggested that Islam's focus on the
rewards of the afterlife make material
accumulation problematic.
not
Hinduism
conducive
to
. By contrast, he argued that the protestant work
ethic prevalent in Northern Europe at the time
was highly compatible with entrepreneurial
development. For example, among Quakers, cultural
frugality and savings were hallmarks of the good
life, and as a means of gaining the power to do
God's work through enterprise.
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