In a business context we might refer to the values and guardrails of the Bible’s guidance as ‘best practices.’ But, to be consistent with Max Weber and others, we’ll refer to this guidance as the Biblical “spirit” of our economy. Because our economy is based on the construct we call capitalism, we’re on solid theological and behavioral economic grounds by speaking here about the spirit of capitalism as found in the Bible. You'll be amazed at what it says!
Self-interest that includes mutuality, honesty, evils that cannot be tolerated, and trader mentality are all ethics that form and inform the spirit of capitalism according to the Mother of Capitalism.
Take a moment to think about the current spirit of American capitalism.
How would you describe that spirit?
Do you like it or would you like to see a different spirit? Check out this post and this series for that different spirit.
Would you like a fast introduction into how Adam Smith thought capitalism should function? In other words, the "spirit' of capitalism.
Here it is! Probably not what you expect but you'll probably like it.