Secular Ethic and Impact of Hindu Beliefs On Economy
Weber discussed what influence Hinduism and Buddhism had on the mundane activities, and how they impacted the economy. He noted the idea of unchanging world order consisting of the eternal cycles of rebirth, and the deprecation of mundane world. By the traditionalism of the caste system supported by the religion, the economic development is slowed as, - according to Weber - the "spirit" of the caste system worked against the development of capitalism.
Read more about this topic: The Religion Of India: The Sociology Of Hinduism And Buddhism
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