Paper Summary:

The paper shows how Marx contends that capitalism is a wholly economic phenomenon whose history, operations and future can be analyzed and predicted through economic theory. The paper then discusses how Weber argues that capitalism as the term is generally understood in the West today developed within a particular cultural frame - European Protestantism - and that this frame has defined its subsequent manifestations and will likely shape its future development.

From the Paper:

"Karl Marx and Max Weber differ significantly in their views upon the origins, dynamics and future of capitalism. This essay will critically examine these differences with reference to works by both theorists. As will be seen, while Marx contends that capitalism is a wholly economic phenomenon whose history, operations and future can be analyzed and predicted through economic theory, Weber argues that capitalism as the term is generally understood in the West today developed within a particular cultural frame - European Protestantism - and that this frame has defined its subsequent manifestations and will likely shape its future..."

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