CALVINISM brought about modern capitalism in North Europe (16th/17th century)
- Modern capitalism - systematic, efficient, rational pursuit of profit for own sake not consumption
PREDESTINATION - predetermined which souls to be saved (elect) and which would not - can't be changed/altered
ASCETICISM - abstinence, self-discipline, self-denial
- The idea of VOCATION/CALLING - renounce everyday life - put on Earth to glorify God's name by work - can't earn salvation but religious duty
WEALTH INCREASE - God's favour - contrary to original doctrine unknowable
- Driven by work ethic - accumulate wealth by most efficient/rational means - no permitted to squander on luxuries
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