When, in 1904–5, Max Weber published his famous essay on The Protestant ethic and the spirit of capitalism’, he set out to explore the reasons for an affinity, the existence of which was a commonplace in large parts of Europe and North America. Whilst the literature on the strengths and weaknesses of Weber’s thesis is vast, much less attention has been paid to the contours of the mid to late nineteenth-century debate out of which his interest developed. Yet the neglect of that context has continued to foster over-simplified views of the world with which Weber’s argument originally engaged. His essay forms part of a much more extensive discourse on the role of religious belief in economic life. This paper discusses one particular nexus of that debate: the way in which British Protestants shaped their economic ethic by reference both to their ideas of Catholicism and to perceived oversimplifications of Protestant virtue; and the way in which Catholics in Italy responded to the promotion by secular liberals of what was seen by them as ‘puritan’ economics – that is, the maxims of British classical political economy. To compare the British and Italian contemporary literatures on this theme helps to draw out and to clarify some significant complexities in nineteenth-century thinking about the relationship between economics and morality. Underpinning each religious critique in Britain and in Italy was an emphasis on the necessary closeness of the relationship between attitudes to work and attitudes to the rest of life. In each case this implied an assertion at the philosophical level that economics had a metaphysical dimension which needed to be justified, and at a practical level that time spent both working and not working was devotional. Because each was engaging with a popularized model of political economy there were in fact methodological affinities between their respective positions in this context, little though each would often have liked to acknowledge it. These have been obscured by obvious distinctions of cultural and political development which have in turn produced different historiographical traditions. Moreover, the predominance, since the early twentieth century, of a supposedly ‘objective’ model of economics which tacitly denies its metaphysical dimension has meant that nineteenth-century Christian economic thought has been discussed rather as part of the multiple stories of denominational social action than as what it more crucially set out to be: that is, a radical intellectual challenge to the premises of mainstream economic assumptions.
Economic Cooperation in Modern Economic History
