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1The most important advice Ben Franklin had was Remember that time is money quoted in Weber p14 Franklins advice is to the young tradesman regarding the importance of time and money based on the spirit of capitalism Weber also mentions how Franklin discusses the importance of honesty because it leads to the availability of credit Weber p16 Also punctuality frugality and industry are useful and therefore are virtues Weber p16 2Ben Franklins writings illustrate the spirit of capitalism through his words mentioned in Webers Protestant Ethic It is illustrated through his advice on work and money and how the young tradesman could earn a certain amount of money in a day by his labor and sits back for the second half of the day when he really could be doubling that amount of money He actually loses the portion of money that could have been made from the labor lost from sitting around Weber p14 Basically in Franklins view the spirit of capitalism is to work in order to gain profit If one does not work then one does not gain the profit that you could possibly have Also a particular ethic of duty is brought up where this is violated not just out of foolishness but also as a forgetfulness of duty Weber p 16 3Modern capitalism as Weber explained is how a person consumes less and equally wants more and in doing this saves more to gain more rises to the top of the economy rather than those who acquire and spend as it is earned Weber p29 One example Weber uses is the man that moves out of the city into the countryside where he transformed peasant into workers He began to increase markets and took retailing into his own hands figuring out that lower prices would equal larger sales Weber pp 28-29 Merchants had to advance with society in the marketplace otherwise they would fall behind A businessman should properly invest
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