What conclusion did Max Weber reach regarding Protestant beliefs and capitalism?

Max Weber concluded that Protestant beliefs, particularly those stemming from Calvinism, contributed to the development of capitalism by fostering an environment that emphasized hard work, frugality, and a sense of a "calling" in one's professional life. This ideology encouraged individuals to view their work as a form of serving God, leading to a strong work ethic and an emphasis on productivity.

The notion of predestination in Protestantism cultivated a mindset where individuals sought signs of their salvation through their achievements and success in business, which translated into increased economic activity. Moreover, the value placed on saving money and reinvesting profits rather than spending frivolously supported the accumulation of capital necessary for the growth of businesses.

This connection between Protestant beliefs and capitalist practices highlights how cultural and religious frameworks can influence economic systems, establishing a link that Weber argued was pivotal in understanding the origins and motivations behind modern capitalism.