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Classical Sociological Theory and Foundations of American Sociology: Chapter 21: Interests in the Pre-Capitalistic Period

Classical Sociological Theory and Foundations of American Sociology
Chapter 21: Interests in the Pre-Capitalistic Period
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table of contents
  1. Title Page
  2. Copyright
  3. Table Of Contents
  4. Introduction
    1. Aims and Goals
    2. Organization Overview
      1. Outline of the Textbook
      2. Translating Passages
      3. Modernizing the Text
      4. Some Useful History
        1. Ten Things Marx, Weber, and Durkheim Took for Granted about the History of the World that you Might Want to Read More About
      5. Suggested Further Reading
      6. Timelines (Marx, Weber, and Durkheim)
      7. Major Themes
  5. Downloads
  6. Marx and Engels
    1. Biography of Marx by F. Engels (1868)
    2. Economic and Philosophic Manuscripts of 1844
      1. Introduction
    3. Marx on Wages
      1. Introduction
      2. Ch. 19: The Transformation of the Value or Price of Labor Power into Wages
    4. Marx on Wage Labor and Capital
      1. Introduction
      2. Wage Labor and Capital
      3. The Nature and Growth of Capital
      4. Relation of Wage-Labor to Capital
    5. Value, Price and Profit
      1. Introduction
      2. Value and Labor
      3. The Different Parts into Which Surplus Value is Decomposed
      4. Attempts at Raising Wages
      5. The Struggle Between Capital and Labor and Its Results
    6. Capital, part 1
      1. Introduction
      2. Part I: Commodities
      3. Part II: Transformation of Money Into Capital
      4. Part III: The Production of Absolute Surplus-Value
    7. Capital, part 2
      1. Introduction
      2. Part VII: The Accumulation of Capital
      3. Part VIII: Primitive Accumulation
    8. Eighteenth Brumaire
      1. Introduction
      2. Opening Passages
      3. Part Two
      4. Part Three
      5. Part Four
      6. Part Five
      7. Part Six
      8. Part Seven
    9. Principles of Communism
      1. Introduction
      2. Principles of Communism
    10. The Duchess of Sutherland and Slavery
      1. Introduction
      2. The Duchess of Sutherland and Slavery
    11. Revolution is Coming
      1. Introduction
      2. Marx's Speech on the Toast to the Proletarians of Europe
    12. The Communist Manifesto
      1. Introduction
      2. Bourgeois and Proletarians
      3. Proletarians and Communists
    13. Concepts/Dictionary
  7. Durkheim
    1. Biography of Durkheim
    2. Rules of Method (1895)
      1. Introduction
      2. Part I: The Rules of Sociological Method
        1. Introduction
        2. What is a Social Fact?
      3. Part II
        1. Chapter 2: Rules for the Observation of Social Facts
          1. Section 1. Treat Social Facts as Things
          2. Section 2. Guidelines for Sociologists
          3. Section 3. Rules on the Distinction Between Normal and Pathological
    3. Division of Labor, Introduction
      1. Introduction
      2. Preface
      3. Book One
        1. Ch. 1: The Method for Determining this Function
        2. Ch. 2: Mechanical Solidarity Through Likeness
        3. Ch. 3: Organic Solidarity Due to the Division of Labor
        4. Ch. 4: Further Proof of the Preceding
        5. Ch. 5: Progressive Preponderance of Organic Solidarity
        6. Ch. 6: Progressive Preponderance cont.
        7. Ch. 7: Organic Solidarity and Contractual Solidarity
      4. Book 2
        1. Ch. 1: The Progress of the Division of Labor and of Happiness
        2. Ch. 2: The Causes
        3. Ch 3. Secondary Factors--Progressive Indeterminancy
        4. Ch. 4: Secondary Factors--Heredity
        5. Ch. 5: Consequences of the Preceding
      5. Book 3
        1. Ch. 1: The Anomic Division of Labor
        2. Ch. 2: The Forced Division of Labor
        3. Ch. 3: Another Abnormal Form
    4. Division of Labor, Book 1
      1. Introduction
      2. Chapter 3: Organic Solidarity Due to the Division of Labor
      3. Chapter 4: Further Proof the Preceding
      4. Chapter 5: Progressive Preponderance of Organic Solidarity; Its Consequences
      5. Chapter 6: Progressive Preponderance of Organic Solidarity, cont.
    5. Division of Labor, Book 2
      1. Introduction
      2. Chapter 2: The Causes
      3. Chapter 5: Consequences
    6. Division of Labor, Book 3
      1. Introduction
      2. Chapter 1: The Anomic Division of Labor
      3. Chapter 2: The Forced Division of Labor
      4. Conclusion
    7. Le Suicide (1897) - Introduction/Book 2
      1. Introduction
      2. Book Two: Social Causes and Social Types
        1. Ch. 1: Method of Determining Them
        2. Ch. 2: Egotistical Suicide
        3. Ch. 3: Egotistical Suicide, cont.
        4. Ch. 4: Altruistic Suicide
        5. Ch. 5: Anomic Suicide
    8. Education and Sociology (1922)
      1. Introduction
      2. The Nature and Role of Education
        1. Part 1: Different Definitions of Education
        2. Part 2: Defining Education
        3. Part 3: The Social Character of Education
        4. Part 4: The Role of the State in the Matter of Education
        5. Part 5: The Power of Education and the Means of its Influence
    9. Elementary Forms of Religious Life (1912)
      1. Introduction
      2. Part 1: The Sociological Study of Religion
      3. Part 2: Theories of Knowledge
    10. EXTRA: Review of Année Sociologique (1898) article
    11. EXTRA: Review of Suicide by Havelock Ellis
    12. Concepts/Dictionary
  8. Weber
    1. Biography of Weber
    2. Methodological Foundations of Sociology (1921)
      1. Introduction
      2. Methodological Foundations of Sociology
        1. Point 1: Meanings are Empirically Situated
        2. Point 2: We cannot always find the intentions of the actors
        3. Point 3: The goal of interpretation is to generate evidence about the world, and we can do this both rationally and empathetically
        4. Point 4: Meaningless actions are still important insofar they impact social actions
        5. Point 5: Sociological understaning is explanatory
        6. Point 6: Sociological understanding is hypothetical
        7. Point 7: Motives of actions are crucial to sociological interpretation because they are related to causality
        8. Point 8: Meaningless actions are not unimportant, but they are not sociological facts
        9. Point 9: Individuals...are the intelligible performers of meaningful actions
        10. Point 10: Sociology is distinct from psychology
        11. Point 11: Sociology is distinct from the discipline of history
    3. PESOC, part 1
      1. Introduction
      2. Part 1: The Problem
        1. Chapter 1. Religious Belief and Social Layering
        2. Chapter 2. The "Spirit" of Capitalism
        3. Chapter 3. Understanding Luther's Conception of Beruf (Calling)
    4. PESOC, part 2
      1. Introduction
      2. Part 2: The Vocational Ethic of the Ascetic Braches of Protestantism
        1. Chapter 4. The Religious Foundations of Worldly Ascetism
        2. Chapter 5. Ascetism and the Spirit of Capitalism
    5. The Development of Commerce
      1. Introduction
      2. Chapter 14: Points of Departure in the Development of Commerce
      3. Chapter 15: Technical Requisites for the Transportation of Goods
      4. Chapter 16: Forms of Organization of Transportation and Commerce
      5. Chapter 17: Forms of Commercial Enterprise
      6. Chapter 21: Interests in the Pre-Capitalistic Period
    6. The Rational State
      1. Introduction
      2. The Rational State
        1. A. The State Itself; Law and Officialdom
        2. B. The Economic Policy of the Rational State
        3. C. Mercantilism
    7. The Evolution of the Capitalistic Spirit
      1. Introduction
      2. The Evolution of the Capitalistic Spirit
    8. Politics as a Vocation
      1. Introduction
      2. Lecture
    9. Bureaucracy
      1. Introduction
      2. Part 3, Chapter 6, Section 7: Bureaucracy
    10. CSP
      1. Introduction
      2. Introduction on Power
      3. Distribution of Power within a Gemeinschaft Community
        1. Classes
        2. Status Groups (Stände)
        3. Parties
    11. Concepts/Dictionary
  9. Early American Sociology
    1. Biography of Early American Sociologists
      1. William Graham Sumner
      2. Lester Frank Ward
      3. Albion Woodbury Small
      4. Franklin Henry Giddings
      5. Thorstein Veblen
      6. Charlotte Perkinds Gilman
      7. Jane Addams
      8. Robert Ezra Park
      9. Charles Horton Cooley
      10. Edward Alsworth Ross
      11. W.E.B. Du Bois
      12. Charles Abram Ellwood
    2. Comparison of Spencer and Ward by Barnes (1919)
      1. Introduction
      2. The Sociological View of the State
        1. Part I: Sumner, General Characteristics of His Sociological Thought
        2. Part 2: Ward; General Characteristics of His Sociological System
    3. Thorstein Veblen, on Labor(1898)
      1. Introduction
      2. The Instinct of Wokrmanship and the Irksomeness of Labor
    4. Charlotte Perkins Gilman, Women and Economics (1898)
      1. Introduction
      2. Preface
      3. Chapter 1
      4. Chapter 15
    5. Du Bois on The Study of Social Problems (1898)
      1. Introduction
      2. The Study of Social Problems
        1. Development of the Problems
        2. The Present Problems
        3. The Work Already Accomplished
        4. A Program of Future Study
    6. Jane Addams, “Trade Unions and Public Duty” (1899)
      1. Introduction
      2. Trades Unions
    7. Edward A. Ross on Social Control (1900)
      1. Introduction
      2. Social Control
    8. Charles A. Ellwood on Revolution (1905)
      1. Introduction
      2. Revolutions
    9. Charles Horton Cooley, “Social Consciousness” (1907)
      1. Introduction
      2. Social Mind in General
      3. Social and Individual Aspects of Consciousness
      4. Social Will
    10. Lester Ward, “Social Classes” (1908)
      1. Introduction
      2. Social Classes and Inequalities
    11. Franklin H. Giddings on Theory and Public Policy (1911)
      1. Introduction
      2. Theory and Public Policy
        1. Evolution is Simple or Compound
        2. Can war then be outlawed and generally prevented?
    12. Small on the Sociological Point of View (1920)
      1. Introduction
      2. The Sociologists' Point of View
        1. "Why need we study society?"
  10. Creative Commons License
  11. Recommended Citations
  12. Versioning

Chapter 21. Interests in the Pre-Capitalistic Period

In the beginnings interest is a phenomenon either of international or feudal law. Within a tribal village, or clan community, there is neither interest nor lending, since transfers of value in consideration for a payment are unknown.  Where outside resources are used in economic life it is done under the form of neighborly help, such as house building.

The prohibition in the Torah against taking interest or usury against a brother rests partly on military and partly on religious grounds.  The prohibition of interest taking from a brother is also characteristic of early Islam and Brahminism.  Interest everywhere arises in the field of lending to foreigners outside the tribe or that of loans between classes.  In this connection the contrast between creditor and debtor was originally always a contrast between a town-dwelling patriciate and rural peasants; it was so in China, India, and Rome, and so it is in the Old Testament as well.

The occasion for breaking through the prohibition against interest was provided by the loan of concrete property. In northern Europe the prohibition against usury was broken up by Protestantism, although not immediately.

Questions for Contemplation and Discussion

  1. Look up the standard dictionary meaning of “commerce.” What is the etymological root of this word?  How does Weber’s explanation for its historical origin accord with this original meaning?
  2. This section can be read as a long list of requirements for trade, as we understand it, to be possible. Many of these prerequisites, such as roads, we take for granted now.  Write down the complete list of items mentioned by Weber here.  Do any surprise you?  Can you think of any advances since the time of this writing(1923) that have helped advance commerce?
  3. Weber’s historical description of the rise of trade demonstrates that there has not been much “free” about this activity. What legal and political institutions supported the rise of commerce?
  4. Why would the consumer want to buy directly from foreign traders, rather than the local merchant? (Chapter 16)  Do you see similar struggles today?  Which faction of the trading class is served by current economic policies?
  5. What is the position system of notation? Why was this at first prohibited?  What was so revolutionary/threatening about this system? Note that Weber claims this as one of the primary perquisites for the development of capitalism in PESOC.
  6. This section ends with a short description of the traditional prohibitions against charging interest and a statement that these prohibitions were relaxed under Protestantism. For much more on why this was so, read PESOC.  Consider the viability of currently existing capitalism had the prohibition never been lifted.

Concepts

Rational Commerce

Bookkeeping

Interest

  1. Be careful here!  Factories were originally places in which factors, representatives of the seller, were located.  Only later did the term come to be associated with places of manufacturing. ↵

Annotate

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The Rational State
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Copyright © 2019 by Allison Hurst. Classical Sociological Theory and Foundations of American Sociology by Allison Hurst is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License, except where otherwise noted.
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