Kirby, Benjamin. 2019. “Pentecostalism, Economics, Capitalism: Putting The Protestant Ethic to Work.” Religion 49(4): 571-591.
Abstract: In recent years, academic interest in the nexus between Pentecostalism, economics, and capitalism has grown significantly. Notably, the vast majority of publications that have addressed this interface are to some degree conceptually framed by Max Weber’s The Protestant Ethic and the Spirit of Capitalism. In this article I consider what The Protestant Ethic might contribute to our understanding of the relationship between Pentecostalism and capitalism. First, I assess a particularly noteworthy attempt to draw Pentecostalism into Weber’s genealogical account which draws a series of parallels between Pentecostalism and ascetic Protestantism. Second, I discuss the merits of an approach that is not primarily genealogical but remains indebted to the concepts that Weber introduces, elaborating a new affinity between Pentecostalism and capitalism in its present iteration. With this article, I seek to comprehensively extend the scope and sharpen the conceptual underpinnings of future analysis and empirical work in this area.
Baldacchino, Jean-Paul. 2012. Markets of piety and pious markets: the Protestant ethic and the spirit of Korean capitalism. Social Compass 59(3): 367-385.
Abstract: The author takes a historical and ethnographic approach to the rise of Korean Protestantism and its relationship to Korean modernization and capitalist development. He argues that while theories of Asian capitalism have looked at the ways a Confucian work ethic has helped the development of Asian capitalist economies, this perspective ignores the overarching concern with regional identity. This approach has also tended to ignore the diversity of religious landscapes in East Asia. The author argues that the phenomenal rise of Protestantism in South Korea has to be located within the context of processes of modernization. Exploring ethnographically the nature of Korean Protestantism reveals a theological doctrine of Puritanism, which shares ‘elective affinities’ with the capitalist ethic. Adopting a Weberian approach the author undertakes a detailed analysis of the sermons and ritual life of one Korean church in Seoul and relates this to larger historical and economic processes in South Korea.