From the ‘spirit of capital’ to the “spirit” of capitalism: The transition in German economic thought between Lujo Brentano and Max Weber

History of European Ideas 35 (1):62-92 (2009)
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Abstract

I dedicate this essay to the memory of the late Wolfgang Mommsen—the subject would have been congenial to him. It is one of a series of offshoots from a central project: a scholarly edition of Max Weber's Protestant Ethic with commentary. When I first told Prof. Mommsen of my plan in 1994 he looked me full in the face and gave a characteristic growl: “All that work!” Here was a man who knew what he was about. My thanks to Ross McKibbin and Keith Tribe for reading this paper in draft. The article begins by examining Max Weber's relations with Lujo Brentano, much the most important “precursor” to Weber in the field of economics. In particular, Brentano conducted a form of parallel inquiry into the rise of ‘the spirit of capital’ in England 35 years before Weber looked for the origins of “spirit” of capitalism there, and the contrast between these two ideas casts much light both on Brentano and on Weber's Protestant Ethic. This personal history leads into a broader history of the transition in German economic thought between the 1860s – the formative decade for Brentano but also the era of Marx's Capital – and that of Weber's generation coming to maturity c.1890. Marx and Weber remain the two great canonical thinkers and original minds; but any authentic historical comparison between Marx and Weber must take in Brentano. The essence of the contrast between the generations is that between Weber's novel conception of an ethical ‘capitalism’, and the materialism and naturalism underpinning Brentano's and Marx's ‘capital’, although Weber and Brentano are alike as liberals, democrats and bourgeois. ☆ Some abbreviations for Weber: AfSS for Archiv für Sozialwissenschaft und Sozialpolitik; GARS for Gesammelte Aufsätze zur Religionssoziologie (Tübingen, 1920) vol. i; WL for Gesammelte Aufsätze zur Wissenschaftslehre (Tübingen, 1968); Grundriss for Grundriss zu den Vorlesungen über Allgemeine (“theoretische”) Nationalökonomie [1898], repr. Tübingen, 1990; MWG for Max Weber Gesamtausgabe ed. Horst Baier et al. (Tübingen, 1984); Briefe for letters by Weber in this edition; ‘Nachlaß Max Weber’ for unpublished letters from the Geheimes Staatsarchiv, Berlin-Dahlem, VI. HA Nachlaß Max Weber. Lebensbild for Marianne Weber, Max Weber: Ein Lebensbild (Tübingen, 1926); Zohn for idem, Max Weber. A Biography (New Brunswick, 1988) tr. Harry Zohn. For Brentano: Der wirtschaftende Mensch for Der wirtschaftende Mensch in der Geschichte (Leipzig, 1923); Konkrete Grundbedingungen for Konkrete Grundbedingungen der Volkswirtschaft (Leipzig, 1924); Der tätige Mensch for Der tätige Mensch und die Wissenschaft von der Wirtschaft (Marburg, 2006) ed. R. Bräu, H.G. Nutzinger. ‘Die Entwickelung der Wertlehre’ for ‘Die Entwickelung der Wertlehre’, Sitzungsberichte der Königlich Bayerischen Akademie der Wissenschaften. Philosophisch-philologische und historische Klassen. Jahrgang 1908, 3. Abhandlung (15 Feb. 1908), 1–84; ‘Theorie der Bedürfnisse’ for ‘Versuch einer Theorie der Bedürfmisse’, ibid., 10. Abhandlung (5 Dec. 1908), 1–79; ‘Die Malthussche Lehre’ for ‘Die Malthussche Lehre und die Bevölkerungsbewegung der letzten Decennien’ [1909], Abhandlungen der historischen Klasse der Königlich Bayerischen Akademie der Wissenschaften XXIV (1906–1909), 565–625, 1*–39*.

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