Religion concerns itself with the beyond, whereas economy deals with the practical business of working, producing and consuming. Weber theory created a novel link between the two, critically discuss.

Max Weber however uniquely linked religion and economy in his work 'Protestant Ethics and Spirit of Capitalism'.

Weber observed that a significant proportion of capitalists in Europe belonged to the Protestant sect Calvinism and thus studied features of calvinism that aided capitalism in european society.

While major religions of the world propagate "other-worldly ideas → concept of karma in Hinduism etc., Calvinism could be distinguished by its focus on "this-worldly" aspect.

Adherents of Calvinism were ascetic- did not spend much → this aspect was favourable for capitalism as profits were reinvested in the business.

Calvinism propounded theory of predetermined destiny. Whether a person would go to heaven or hell was already determined and no action performed on earth would change that.

This led to the believers of this sect to immerse themselves in work in order to build confidence that they were worthy to go to heaven.

However this idea of weber that is criticized by many thinkers because it only concerns with the working and producing aspects of capitalism.

For capitalism to thrive it requires a class of consumers which calvinism does not explain.