Economics Archives

What Are the Top Sources of CO2 Emissions Worldwide?

What are the top sources of CO2 emissions worldwide? What are the main challenges with reducing global carbon emissions? In his book How to Avoid a Climate Disaster, Bill Gates divides the major sources of carbon dioxide emissions into five categories. These categories (and their corresponding percentage of overall emissions) are manufacturing (31%), electricity generation (27%), agriculture (19%), transportation (16%), and heating and cooling (7%). In this article, we’ll examine Gates’s commentary on the current state of each category and some significant challenges and opportunities for curbing emissions.

What Is the Protestant Work Ethic? The Making of a Lifestyle

What is the Protestant work ethic? Why is American culture so focused on “hustle” and productivity, in contrast to many European nations’ laid-back attitudes? As far back as the 1600s, Anglo-American Protestants ceased the traditional lifestyle of working just enough to sustain their lives. They began to work harder, longer, and more systematically than anyone had before. In The Protestant Ethic and the Spirit of Capitalism, Max Weber explores the reasons behind this change. Continue reading to learn how and why Protestants broke away from the traditional economic lifestyle and blazed a new trail.

The Dangers of a Surveillance Economy, According to Zuboff

What is a surveillance economy? Why does it threaten your right to privacy? What are the other dangers? In The Age of Surveillance Capitalism, Harvard professor Shoshana Zuboff explores the concept and dangerous consequences of “surveillance capitalism.” By learning about these dangers, you’ll be better equipped to protect your privacy against a surveillance economy. Keep reading to learn about the surveillance economy and its consequences, according to Zuboff.

The Environmental Justice Movement Harms Prosperity

Is the environmental justice movement an enemy of capitalism? Does the movement promote real science or just political ideology? Mark Levin believes that the environmental justice movement threatens prosperity. He argues that the movement uses faulty science to feign a crisis in order to grab more control. Read more to understand the argument that Levin presents in his book American Marxism.

International Business Partnerships: Why They’re Critical

Do you have any business partnerships abroad? Why might you need them? In Hit Refresh, Microsoft CEO Satya Nadella discusses the importance of international business partnerships. Drawing on his own experience, he shares two ways you can benefit from such ventures. Continue reading to learn the advantages of global partnerships.

Max Weber’s Iron Cage: Are We Trapped Beyond Hope?

What’s Max Weber’s “iron cage”? Was his analysis and prediction about the modern world accurate? Max Weber’s classic work The Protestant Ethic and the Spirit of Capitalism discusses the socio-economic and religious roots of modern capitalism—and of our productivity-focused culture. He ends the book with a reflection on the materialist bent of the modern world. Let’s take a look at Weber’s view, Steven Pinker’s perspective, and some wisdom from a Chinese proverb.

Max Weber: Capitalism Arose From the Protestant Ethic

What’s Max Weber’s theory about the origins of capitalism? How does it compare to Karl Marx’s theory? According to Max Weber, capitalism became a global economy because of the work ethic of Protestants in America and western Europe. This is the argument he presents in his classic work The Protestant Ethic and the Spirit of Capitalism. Keep reading to learn more about Weber’s theory about the rise of capitalism.

How the Spirit of Capitalism Arose From the Protestant Ethic

How did capitalism take hold as a major world economy? How much of an influence did religion have? Max Weber argued in his 1905 classic that the early Protestants in western Europe and America pioneered the way of life that became the modern capitalist’s lifestyle. And, in doing so, they provided the cultural and financial impetus for capitalism to become a full-fledged economic system. Continue reading to learn how the spirit of capitalism arose from the Protestant ethic.

How to Tackle Global Warming Without Sacrificing Development

Can global warming be tackled without sacrificing economic growth? What are some ways we can address global warming without reducing our energy demand? According to Bill Gates, global warming shouldn’t be the reason to halt economic growth, especially in developing countries. We can find ways to offset the effects of global warming without reducing global energy needs. Here’s how to tackle global warming without sacrificing development, according to Bill Gates.

How the Calvinist Work Ethic Changed the World

What’s the Calvinist work ethic? Where did it come from, and how did it shape society? According to Max Weber, John Calvin’s doctrine of predestination created the Calvinist work ethic. Weber contends that it was this value (which he commonly refers to as “the Protestant ethic”) that gave rise to capitalism as a world economy. Keep reading to understand Weber’s argument.