Capitalism has its roots in religion, specifically in Christianity. The first instance where capitalism began to be recognized was in the Catholic Church of the Middle Ages. There were monasteries that rationalized economic life and began to put into place practices that favored private ownership of goods and services that were provided to individuals for the payment of a fee. Historian and sociologist, Randall Collins, said thatthe Church was the first place to put the rule of law and a system that resolves disagreements rationally into an economic marketplace. The Church…
Relationship of Christianity & Capitalism
