Max Weber was a German economist who did a lot of work with the study of sociology. However, he is had expressed a lot of strong views in the field on economics. In his book The Protestant Ethic and Spirit of Capitalism, he focused on the differences between religions and the wealth of their followers. Throughout his entire book, he argued that whatever religious views one has does not necessarily support the capitalist enterprise, but it limits them instead. This means that a religion that one has does not mean that you will necessarily have the same welfare as the rest of the religion, but it is most likely where this said person will end up.
Another thing that he talks about is the theory of stratification. This is where he divided …show more content…
I really enjoyed this part because it talked about the importance of trust in others, government’s roles, and the views of working women and their importance. I thought this was a very insightful piece because it talked about how each of these plays a role in the economic development. If there is no trust, there is no way there will be economic development. If the government does not have a big enough role or too big of a role, the economy cannot grow. If women do not have the power to work, the market will lose potential workers, which will not allow the economy to …show more content…
There are a lot of things that I like about this model. The first is that many people do not believe that the environment has anything to do with economic growth. In fact, many companies will purposely have more emissions to try to grow their own product. However, we need to protect our environment in order to grow our economy as a whole. This is what this model demonstrates.
Another thing that I like about this model is the upside-down U-verted shape of the curve. As the per capita Income begins to increase, the amount of environment degradation also increases, which is bad. However, there is a turning point where the more the per capita income goes up, the environment degradation will go down. This is because more money will be put into saving the environment if the income that an average person brings in continues to go up. This is very similar to the Laffer curve which compares the differences between tax and revenue and tax
Another thing that he talks about is the theory of stratification. This is where he divided …show more content…
I really enjoyed this part because it talked about the importance of trust in others, government’s roles, and the views of working women and their importance. I thought this was a very insightful piece because it talked about how each of these plays a role in the economic development. If there is no trust, there is no way there will be economic development. If the government does not have a big enough role or too big of a role, the economy cannot grow. If women do not have the power to work, the market will lose potential workers, which will not allow the economy to …show more content…
There are a lot of things that I like about this model. The first is that many people do not believe that the environment has anything to do with economic growth. In fact, many companies will purposely have more emissions to try to grow their own product. However, we need to protect our environment in order to grow our economy as a whole. This is what this model demonstrates.
Another thing that I like about this model is the upside-down U-verted shape of the curve. As the per capita Income begins to increase, the amount of environment degradation also increases, which is bad. However, there is a turning point where the more the per capita income goes up, the environment degradation will go down. This is because more money will be put into saving the environment if the income that an average person brings in continues to go up. This is very similar to the Laffer curve which compares the differences between tax and revenue and tax