

In this protestant theory, dual variables were expressed in the form of spirit and substance.Working hard and making money both became religious and business ethic. Asceticism produced savings and much needed investment in the nascent capitalism.Hard work and asceticism was seen as avenues used to overcome the fear of the uncertain.This led to intense worldly activity as success in this was considered as being chosen one in that world.According to Weber, Doctrine of Pre-destination results into uncertainty about the destiny of Protestant Calvinists resulting into anxiety.Capitalism honours individualism, innovation and hard work.

Time is money work is for an end called profit.It is an economic system which is aimed at unlimited accumulation of profit.Wealth has to be devoted to God and should not be spent on luxuries.No mediation of any priests can help us in knowing God.Worldly asceticism – strict self discipline with no enjoyment and more hard work for the glory of God.

