Protestant values such as asceticism and entrepreneurship as a result of the belief that success on earth could lead to salvation, and a fervent individualism due to the belief that only individuals could be saved lead, in the right conditions, to the rise of capitalism. Who made this argument?

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Max Weber argued in his book The Protestant Ethic and the Spirit of Capitalism (1904, 1958) that Protestant values such as asceticism and entrepreneurship, motivated by the belief that success on earth could lead to salvation, and a fervent individualism based on the belief that only individuals could be saved, created the conditions for the rise of capitalism.

Protestant Values Such as Asceticism and Entrepreneurship as a Result