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An Essay on the Economic Effects of the Reformation

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Item No.
GO001  
ISBN 10
0971828628 (paper) 1932528326 (digital)
ISBN 13
9780971828629 (paper) 9781932528329 (digital)
LCCN
2003040667  
Trim Size
5.5 x 8.5  
Page Count
160  
Illustrations
1  
Format(s)
Paper, Digital  
Features
Author's annotations, suggestions for further reading  
24
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About This Book   [  what the critics are saying | table of contents | about the author(s)  ]

An Essay on the Economic Effects of the Reformation is a masterful work of economic history by one of the 20th-century's premier economic historians. Dr. O'Brien was for many years professor of Economics at University College Dublin, and he held for a time the Economics Chair. His Magnum Opus, The Economic History of Ireland, won him recognition as one of the greatest scholars ever of Irish economic history. In this work, Dr. O'Brien brings his knowledge of economic thought and history to bear on the difficult problem of the origins of Capitalism and Socialsim, examining both of them in light of the historical epispode known as the Reformation. His judgment may be shocking, but it is quite Catholic: the growth and development of both Socialism and Capitalism would not have been possible to the extent that it was without the ecplise of the Catholic way of life that followed in the wake of the Reformation. With such a surprising but nevertheless well-argued and persuasive thesis, this book is sure to challenge Catholics and all men of good will to abandon preconceptions taught by the Establishment and come to grips with the facts of economic history.

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Table of Contents


I







II




III.



IV.

Introduction —Dr. Edward A. McPhail
Economic Effects of the Reformation in General.
Influence of religious on economic thought. Medieval conception of economic life.
Reformation an attack on the religious basis of medieval civilization. Economic
utterances of the reformers. Far-reaching effect of the reformers' teaching.
Sapped the strength of Christendom. Protestantism led to rationalism. Doctrine
of justification by faith alone. Practical consequences. Separation of spiritual
and secular life. Necessity of institutions. Reformation led to individualist society.
Reformation led to political insubordination and social revolution.
Protestantism and Capitalism.
Meaning of capitalism. Explanation of the capitalistic spirit. Physiocrat theories.
Adam Smith. Classical economics. Capitalist ideas characteristically Protestant.
Social outlook of Calvinism. Contrast between Lutheranism and Calvinism. The
Puritans. Similarity of Puritan and Jewish ideas.
Protestantism and Socialism.
Meaning of the term socialism. Connection between socialism and the
Reformation. Socialist principles derived from classical economics. Connection
between communist and heretical movements. Reformation and egalitarian ideas.
Conclusion.
Capitalism and socialism have the same origin. Medieval ethical system.
Disruption of Christian unity. Failure of socialism to solve social question.
Socialism merely a reaction. Philosophy cannot supply the want of a religion.
New social creed must be cosmopolitan.

About the Author(s)

George O'Brien
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George O'Brien

Dr. George Augustine Thomas O'Brien was Professor of National Economy (1926–1961) and Professor of Economics (1930–1961) at University College, Dublin, where he also held the economics Chair. His three-volume magnum opus, The Economic History of Ireland (1918–1921), won him the National University of Ireland’s Irish Historical Research Prize; the work remains the authority on Irish economic history. He represented the University in the Irish Senate from 1949 to 1965, and was a member of numerous governmental and professional economic societies, including the Economic Committee of the Senate, the Irish Currency Commission, and the Statistical and Social Inquiry Society, to which he delivered the 1943 presidential address. His other works include An Essay on Medieval Economic Teaching, Agricultural Economics, and Notes on the Theory of Profit. As testimony to his learning and character, one of his biographers notes that “the brilliance of his lecturing drew undergraduates from other courses, and many of his former students remained his friends for life.”

Edward A. McPhail, Ph.D.
More in our catalog by Edward A. McPhail, Ph.D.

Dr. McPhail was educated at Washington University and the University of Virginia. He received his doctorate at the University of Massachusetts. He is currently chairman of the Economics Department at Dickinson College. His research specialties include international trade theory, eugenics and economics, socialism and its critics and the political economy of G. K. Chesterton and Hilaire Belloc.

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