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I came across a study entitled Culture Matters Research Project. Its findings include the observation that Protestant countries have better economic performance than Catholic countries. This is lead to the idea that there is something in the Catholic teachings that hampers economic success.
Here’s part of the analysis:
“The data roundly validate Max Weber’s thesis in The Protestant Ethic and the Spirit of Capitalism: Protestant countries do better than Catholic countries in creating prosperity. To be sure, the averages for the Catholic countries are depressed by Latin America’s slow development, but even when one looks only at First World democratic-capitalist societies, Protestant countries do substantially better than Catholic countries with respect to prosperity, trust, and corruption.”
It went further:
“More broadly, the analysis of religions suggests that Protestant, Jewish, and Confucian societies do better than Catholic, Islamic, and Orthodox Christian societies because they substantially share the progress-prone Economic Behavior values of the typology whereas the lagging religions tend toward the progress-resistant values. Symbolic of this divide is the persistent ambivalence of the Catholic Church toward market economics, an issue underscored by Michael Novak in his book The Catholic Ethic and the Spirit of Capitalism.”
My question is: Is this a proven theory or just an over-extended generalization?
The complete article is found in:
Moynihan and the Culture Matters Research Project
cato-unbound.org/2006/12/04/lawrence-e-harrison/culture-and-economic-development/
Here’s part of the analysis:
“The data roundly validate Max Weber’s thesis in The Protestant Ethic and the Spirit of Capitalism: Protestant countries do better than Catholic countries in creating prosperity. To be sure, the averages for the Catholic countries are depressed by Latin America’s slow development, but even when one looks only at First World democratic-capitalist societies, Protestant countries do substantially better than Catholic countries with respect to prosperity, trust, and corruption.”
It went further:
“More broadly, the analysis of religions suggests that Protestant, Jewish, and Confucian societies do better than Catholic, Islamic, and Orthodox Christian societies because they substantially share the progress-prone Economic Behavior values of the typology whereas the lagging religions tend toward the progress-resistant values. Symbolic of this divide is the persistent ambivalence of the Catholic Church toward market economics, an issue underscored by Michael Novak in his book The Catholic Ethic and the Spirit of Capitalism.”
My question is: Is this a proven theory or just an over-extended generalization?
The complete article is found in:
Moynihan and the Culture Matters Research Project
cato-unbound.org/2006/12/04/lawrence-e-harrison/culture-and-economic-development/