Page:The Protestant ethic and the spirit of capitalism.djvu/21

 childish. The moving spirits of modern capitalism are not possessed of a stronger economic impulse than, for example, an Oriental trader. The unchaining of the economic interest, merely as such, has produced only irrational results: such men as Cortes and Pizarro, who were, perhaps, its strongest embodiment, were far from having an idea of a rationalistic economic life." The word "rationalism" is used by Weber as a term of art, to describe an economic system based, not on custom or tradition, but on the deliberate and systematic adjustment of economic means to the attainment of the objective of pecuniary profit. The question is why this temper triumphed over the conventional attitude which had regarded the appetitus divitiarum infinitus–the unlimited lust for gain—as anti-social and immoral. His answer is that it was the result of movements which had their source in the religious revolution of the sixteenth century.

Weber wrote as a scholar, not as a propagandist, and there is no trace in his work of the historical animosities which still warp discussions of the effects of the Reformation. Professor Pirenne, in an illuminating essay, has argued that social progress springs from below, and that each new phase of economic development is the creation, not of strata long in possession of wealth and power, but of classes which rise from humble origins to build a new structure on obscure foundations. The thesis of Weber is somewhat similar.