Highlights from “The Protestant Ethic and the Spirit of Capitalism” (Max Weber)
Post from April 12, 2023 (↻ May 17, 2023), filed under Philosophy and Everything Else (feed).
Another part of my random, untargeted book highlight series—a result of being a (very) heavy reader—, here are some snippets from Max Weber’s The Protestant Ethic and the Spirit of Capitalism (1905).
Emphasis as it appears in the original work may be missing, and my own edits, though marked, may be broad (and unacademic). Then, important: By sharing these highlights I neither implicitly endorse nor recommend respective authors and their views. Assume that I know little of the authors, and that I have a nuanced view on the matter. (The only thing the highlights can tell is that—much like the books themselves—for some reason or other I found them of interest.) When a detailed understanding of my views is important, ask me.
[…]knowledge and observation of great refinement have existed elsewhere, above all in India, China, Babylonia, Egypt. […]The Indian natural sciences, though well developed in observation, lacked the method of experiment, which was, apart from beginnings in antiquity, essentially a product of the Renaissance, as was the modern laboratory. Hence medicine, especially in India, though highly developed in empirical technique, lacked a biological and particularly a biochemical foundation.
[…]no country and no age has ever experienced, in the same sense as the modern Occident, the absolute and complete dependence of its whole existence, of the political, technical, and economic conditions of its life, on a specially trained organization of officials. The most important functions of the everyday life of society have come to be in the hands of technically, commercially, and above all legally trained government officials.
The impulse to acquisition, pursuit of gain, of money, of the greatest possible amount of money, has in itself nothing to do with capitalism. This impulse exists and has existed among waiters, physicians, coachmen, artists, prostitutes, dishonest officials, soldiers, nobles, crusaders, gamblers, and beggars. One may say that it has been common to all sorts and conditions of men at all times and in all countries
[…]. Unlimited greed for gain is not in the least identical with capitalism, and is still less its spirit. […]capitalism is identical with the pursuit of profit, and forever renewed profit, by means of continuous, rational, capitalistic enterprise.
We will define a capitalistic economic action as one which rests on the expectation of profit by the utilization of opportunities for exchange, that is on (formally) peaceful chances of profit.
Everything is done in terms of balances: at the beginning of the enterprise an initial balance, before every individual decision a calculation to ascertain its probable profitableness, and at the end a final balance to ascertain how much profit has been made.
For the purpose of this conception all that matters is that an actual adaptation of economic action to a comparison of money income with money expenses takes place, no matter how primitive the form.
All over the world there have been merchants, wholesale and retail, local and engaged in foreign trade. Loans of all kinds have been made, and there have been banks with the most various functions, at least comparable to ours of, say, the sixteenth century. Sea loans, commenda, and transactions and associations similar to the Kommanditgesellschaft have all been widespread, even as continuous businesses.
Whenever money finances of public bodies have existed, money-lenders have appeared
[…]. They have financed wars and piracy, contracts and building operations of all sorts. In overseas policy they have functioned as colonial entrepreneurs, as planters with slaves, or directly or indirectly forced labour, and have farmed domains, offices, and, above all, taxes. […]And, finally, they have been speculators in chances for pecuniary gain of all kinds. This kind of entrepreneur, the capitalistic adventurer, has existed everywhere.
Rational industrial organization, attuned to a regular market, and neither to political nor irrationally speculative opportunities for profit, is not, however, the only peculiarity of Western capitalism. The modern rational organization of the capitalistic enterprise would not have been possible without two other important factors in its development: the separation of business from the household, which completely dominates modern economic life, and closely connected with it, rational book-keeping.
[…]all these peculiarities of Western capitalism have derived their significance in the last analysis only from their association with the capitalistic organization, the development of negotiable securities and the rationalization of speculation, the exchanges, etc., is connected with it.
[…]although there have everywhere been civic market privileges, companies, guilds, and all sorts of legal differences between town and country, the concept of the citizen has not existed outside the Occident, and that of the bourgeoisie outside the modern Occident.
[…]the technical utilization of scientific knowledge, so important for the living conditions of the mass of people, was certainly encouraged by economic considerations [.]
[…]modern rational capitalism has need, not only of the technical means of production, but of a calculable legal system and of administration in terms of formal rules.
[…]rationalizations of the most varied character have existed in various departments of life and in all areas of culture.
The magical and religious forces, and the ethical ideas of duty based upon them, have in the past always been among the most important formative influences on conduct.
Almost all sciences owe something to dilettantes, often very valuable view-points. But dilettantism as a leading principle would be the end of science.
[…]the path of human destiny cannot but appall him who surveys a section of it. But he will do well to keep his small personal commentaries to himself, as one does at the sight of the sea or of majestic mountains, unless he knows himself to be called and gifted to give them expression in artistic or prophetic form.
A number of those sections of the old Empire which were most highly developed economically and most favoured by natural resources and situation, in particular a majority of the wealthy towns, went over to Protestantism in the sixteenth century. The results of that circumstance favour the Protestants even today in their struggle for economic existence.
[…]the Reformation meant not the elimination of the Church’s control over everyday life, but rather the substitution of a new form of control for the previous one.
The rule of the Catholic Church, “punishing the heretic, but indulgent to the sinner”, as it was in the past even more than today, is now tolerated by peoples of thoroughly modern economic character, and was borne by the richest and economically most advanced peoples on earth at about the turn of the fifteenth century.
[…]how does it happen that at that time those countries which were most advanced economically, and within them the rising bourgeois middle classes, not only failed to resist this unexampled tyranny of Puritanism, but even developed a heroism in its defense? For bourgeois classes as such have seldom before and never since displayed heroism.
National or religious minorities which are in a position of subordination to a group of rulers are likely, through their voluntary or involuntary exclusion from positions of political influence, to be driven with peculiar force into economic activity.
It has in earlier times been true of the Huguenots in France under Louis XIV, the Nonconformists and Quakers in England, and, last but not least, the Jew for two thousand years. But the Catholics in Germany have shown no striking evidence of such a result of their position.
both as ruling classes and as ruled, both as majority and as minority, have shown a special tendency to develop economic rationalism which cannot be observed to the same extent among Catholics either in the one situation or in the other. Thus the principal explanation of this difference must be sought in the permanent intrinsic character of their religious beliefs, and not only in their temporary external historico-political situations.
[…]it is characteristic and in a certain sense typical that in French Huguenot Churches monks and business men (merchants, craftsmen) were particularly numerous among the proselytes, especially at the time of the persecution.
[…]time is money.”
[…]credit is money.”
[…]money is of the prolific, generating nature. Money can beget money, and its offspring can beget more, and so on. […]The more there is of it, the more it produces every turning, so that the profits rise quicker and quicker.”
“The good paymaster is lord of another man’s purse. He that is known to pay punctually and exactly to the time he promises, may at any time, and on any occasion, raise all the money his friends can spare. This is sometimes of great use.”
“After industry and frugality, nothing contributes more to the raising of a young man in the world than punctuality and justice in all his dealings
“The most trifling actions that affect a man’s credit are to be regarded. The sound of your hammer at five in the morning, or eight at night, heard by a creditor, makes him easy six months longer; but if he sees you at a billiard-table, or hears your voice at a tavern, when you should be at work, he sends for his money the next day
“He that spends a groat a day idly, spends idly above six pounds a year, which is the price for the use of one hundred pounds.”
“He that loses five shillings, not only loses that sum, but all the advantage that might be made by turning it in dealing, which by the time that a young man becomes old, will amount to a considerable sum of money.”
The peculiarity of this philosophy of avarice appears to be the ideal of the honest man of recognized credit, and above all the idea of a duty of the individual toward the increase of his capital, which is assumed as an end in itself.
[…]what is here preached is not simply a means of making one’s way in the world, but a peculiar ethic.
The concept spirit of capitalism is here used in this specific sense, it is the spirit of modern capitalism.
[…]the summum bonum of this ethic, the earning of more and more money, combined with the strict avoidance of all spontaneous enjoyment of life, is above all completely devoid of any eudaemonistic, not to say hedonistic, admixture. It is thought of so purely as an end in itself, that from the point of view of the happiness of, or utility to, the single individual, it appears entirely transcendental and absolutely irrational. Man is dominated by the making of money, by acquisition as the ultimate purpose of his life.
“Seest thou a man diligent in his business? He shall stand before kings” (Prov. XXII. 29).
[…]this peculiar idea, so familiar to us today, but in reality so little a matter of course, of one’s duty in a calling, is what is most characteristic of the social ethic of capitalistic culture, and is in a sense the fundamental basis of it.
The capitalistic economy of the present day is an immense cosmos into which the individual is born, and which presents itself to him, at least as an individual, as an unalterable order of things in which he must live.
[…]the capitalism of today, which has come to dominate economic life, educates and selects the economic subjects which it needs through a process of economic survival of the fittest.
The spirit of capitalism, in the sense in which we are using the term, had to fight its way to supremacy against a whole world of hostile forces. A state of mind such as that expressed
[…]would both in ancient times and in the Middle Ages have been proscribed as the lowest sort of avarice and as an attitude entirely lacking in self-respect.
The universal reign of absolute unscrupulousness in the pursuit of selfish interests by the making of money has been a specific characteristic of precisely those countries whose bourgeois-capitalistic development, measured according to Occidental standards, has remained backward.
At all periods of history, wherever it was possible, there has been ruthless acquisition, bound to no ethical norms whatever.
Capitalistic acquisition as an adventure has been at home in all types of economic society
[…]. Likewise the inner attitude of the adventurer, which laughs at all ethical limitations, has been universal.
The most important opponent with which the spirit of capitalism
[…]has had to struggle, was that type of attitude and reaction to new situations which we may designate as traditionalism.
[…]since the interest of the employer in a speeding-up of harvesting increases with the increase of the results and the intensity of the work, the attempt has again and again been made, by increasing the piece-rates of the workmen, thereby giving them an opportunity to earn what is for them a very high wage, to interest them in increasing their own efficiency. But a peculiar difficulty has been met with surprising frequency: raising the piece-rates has often had the result that not more but less has been accomplished in the same time, because the worker reacted to the increase not by increasing but by decreasing the amount of his work. […]The opportunity of earning more was less attractive than that of working less. He did not ask: how much can I earn in a day if I do as much work as possible ? but: how much must I work in order to earn the wage, 2½ marks, which I earned before and which takes care of my traditional needs? This is an example of what is here meant by traditionalism.
A man does not “by nature” wish to earn more and more money, but simply to live as he is accustomed to live and to earn as much as is necessary for that purpose.
Low wages and high profits seem even today to a superficial observer to stand in correlation; everything which is paid out in wages seems to involve a corresponding reduction of profits.
Pieter de la Cour
[…]said long ago, the people only work because and so long as they are poor.
[…]the presence of a surplus population which it can hire cheaply in the labour market is a necessity for the development of capitalism.
Low wages are by no means identical with cheap labour.
Today, capitalism, once in the saddle, can recruit its labouring force in all industrial countries with comparative ease. In the past this was in every case an extremely difficult problem.
The type of backward traditional form of labour is today very often exemplified by women workers, especially unmarried ones.
Explanations of the possibility of making work easier, above all more profitable to themselves, generally encounter a complete lack of understanding.
One often hears, and statistical investigation confirms it, that by far the best chances of economic education are found among this group . The ability of mental concentration, as well as the absolutely essential feeling of obligation to one’s job, are here most often combined with a strict economy which calculates the possibility of high earnings, and a cool self-control and frugality which enormously increase performance.
[…]has distinguished between the satisfaction of needs and acquisition as the two great leading principles in economic history.
[…]what everywhere and always is the result of such a process of rationalization: those who would not follow suit had to go out of business.
Where appears and is able to work itself out, it produces its own capital and monetary supplies as the means to its ends, but the reverse is not true.
The ability to free oneself from the common tradition, a sort of liberal enlightenment, seems likely to be the most suitable basis for such a business man’s success. And today that is generally precisely the case.
The people filled with the spirit of capitalism today tend to be indifferent, if not hostile, to the Church.
[…]If you ask them what is the meaning of their restless activity, why they are never satisfied with what they have, thus appearing so senseless to any purely worldly view of life, they would perhaps give the answer […]“to provide for my children and grandchildren”. But more often and […]more correctly, simply: that business with its continuous work has become a necessary part of their lives. That is in fact the only possible motivation, but it at the same time expresses what is, seen from the view-point of personal happiness, so irrational about this sort of life, where a man exists for the sake of his business, instead of the reverse.
The capitalistic system so needs this devotion to the calling of making money, it is an attitude toward material goods which is so well suited to that system, so intimately bound up with the conditions of survival in the economic struggle for existence, that there can today no longer be any question of a necessary connection of that acquisitive manner of life with any single Weltanschauung.
What was the background of ideas which could account for the sort of activity apparently directed toward profit alone as a calling toward which the individual feels himself to have an ethical obligation?
Labour in the service of a rational organization for the provision of humanity with material goods has without doubt always appeared to representatives of the spirit as one of the most important purposes of their life-work.
It will be our task to find out whose intellectual child the particular concrete form of rational thought was, from which the idea of a calling and the devotion to labour in the calling has grown, which is, as we have seen, so irrational from the standpoint of purely eudaemonistic self-interest, but which has been and still is one of the most characteristic elements of our capitalistic culture.
In Luther’s translation of the Bible it appears to have first been used at a point in Jesus Sirach precisely in our modern sense. After that it speedily took on its present meaning in the everyday speech of all Protestant peoples, while earlier not even a suggestion of such a meaning could be found in the secular literature of any of them, and even, in religious writings, so far as I can ascertain, it is only found in one of the German mystics whose influence on Luther is well known.
The monastic life is not only quite devoid of value as a means of justification before God, but he also looks upon its renunciation of the duties of this world as the product of selfishness, withdrawing from temporal obligations. In contrast, labour in a calling appears to him as the outward expression of brotherly love. This he proves by the observation that the division of labour forces every individual to work for others, but his view-point is highly naive, forming an almost grotesque contrast to Adam Smith’s well-known statements on the same subject.
[…]if there be any one that makes many poor to make a few rich, that suits not a Commonwealth.”—Cromwell
Everyone should abide by his living and let the godless run after gain. That is the sense of all the statements which bear directly on worldly activities. Not until the Talmud is a partially, but not even then fundamentally, different attitude to be found.
[…]all it must be remembered that programmes of ethical reform never were at the centre of interest for any of the religious reformers [.]
[…]the complete elimination of salvation through the Church and the sacraments (which was in Lutheranism by no means developed to its final conclusions), was what formed the absolutely decisive difference from Catholicism.
That great historic process in the development of religions, the elimination of magic from the world which had begun with the old Hebrew prophets and, in conjunction with Hellenistic scientific thought, had repudiated all magical means to salvation as superstition and sin, came here to its logical conclusion.
[…]the strikingly frequent repetition, especially in the English Puritan literature, of warnings against any trust in the aid of friendship of men. Even the amiable Baxter counsels deep distrust of even one’s closest friend, and Bailey directly exhorts to trust no one and to say nothing compromising to anyone. Only God should be your confidant. […]this attitude toward life was also connected with the quiet disappearance of the private confession, of which Calvin was suspicious only on account of its possible sacramental misinterpretation, from all the regions of fully developed Calvinism. That was an occurrence of the greatest importance. In the first place it is a symptom of the type of influence this religion exercised. Further, however, it was a psychological stimulus to the development of their ethical attitude. The means to a periodical discharge of the emotional sense of sin was done away with.
The highest religious experience which the Lutheran faith strives to attain
[…]is the unto mystica with the deity. As the name itself, which is unknown to the Reformed faith in this form, suggests, it is a feeling of actual absorption in the deity, that of a real entrance of the divine into the soul of the believer.
[…]religious belief which is primarily mystical may very well be compatible with a pronounced sense of reality in the field of empirical fact [.]
Finitum non est capax infiniti.
[…]the Catholic ethic was an ethic of intentions. But the concrete intentio of the single act determined its value. And the single good or bad action was credited to the doer determining his temporal and eternal fate.
Quite realistically the Church recognized that man was not an absolutely clearly defined unity to be judged one way or the other, but that his moral life was normally subject to conflicting motives and his action contradictory. Of course, it required as an ideal a change of life in principle. But it weakened just this requirement (for the average) by one of its most important means of power and education, the sacrament of absolution
The rationalization of the world, the elimination of magic as a means to salvation, the Catholics had not carried nearly so far as the Puritans (and before them the Jews) had done.
The moral conduct of the average man was thus deprived of its planless and unsystematic character and subjected to a consistent method for conduct as a whole.
[…]only by a fundamental change in the whole meaning of life at every moment and in every action could the effects of grace transforming a man from the status naturæ to the status gratia be proved.
The life of the saint was directed solely toward a transcendental end, salvation. But precisely for that reason it was thoroughly rationalized in this world and dominated entirely by the aim to add to the glory of God on earth.
had developed a systematic method of rational conduct with the purpose of overcoming the status naturæ, to free man from the power of irrational impulses and his dependence on the world and on nature.
[…]the man who, par excellence, lived a rational life in the religious sense was, and remained, alone the monk. Thus asceticism, the more strongly it gripped an individual, simply served to drive him farther away from everyday life, because the holiest task was definitely to surpass all worldly morality.
Sebastian Franck struck the central characteristic of this type of religion when he saw the significance of the Reformation in the fact that now every Christian had to be a monk all his life.
[…]mere knowledge of theology by no means guaranteed the proof of faith through conduct.
[…]the ideas essential to our thesis maintained their place. These were: (1) that the methodical development of one’s own state of grace to a higher and higher degree of certainty and perfection in terms of the law was a sign of grace, and (2) that “God’s Providence works through those in such a state of perfection”, i.e. in that He gives them His signs if they wait patiently and deliberate methodically.
assumes that grace is offered to all men, but for everyone either once at a definite moment in his life or at some moment for the last time.
[…]by the creation of a method to induce repentance even the attainment of divine grace became in effect an object of rational human activity.
[…]the purely emotional form of Pietism is, as Ritschl has pointed out, a religious dilettantism for the leisure classes.
[…]we can, in the following discussion, generally neglect Methodism, as it added nothing new to the development of the idea of calling.
[…]we find a second independent source of Protestant asceticism besides Calvinism in the Baptist movement and the sects which, in the course of the sixteenth and seventeenth centuries, came directly from it or adopted its forms of religious thought, the Baptists, Mennonites, and, above all, the Quakers.
From this idea of the continuance of revelation developed the well-known doctrine
[…]of the (in the last analysis decisive) significance of the inner testimony of the Spirit in reason and conscience. This did away, not with the authority, but with the sole authority, of the Bible, and started a development which in the end radically eliminated all that remained of the doctrine of salvation through the Church […].
Only the inner light of continual revelation could enable one truly to understand even the Biblical revelations of God.
[…]since predestination was rejected, the peculiarly rational character of Baptist morality rested psychologically above all on the idea of expectant waiting for the Spirit to descend [.]The purpose of this silent waiting is to overcome everything impulsive and irrational, the passions and subjective interests of the natural man.
[…]the idea that God only speaks when the flesh is silent evidently meant an incentive to the deliberate weighing of courses of action and their careful justification in terms of the individual conscience. The later Baptist communities, most particularly the Quakers, adopted this quiet, moderate, eminently conscientious character of conduct.
[…]one Baptist sect, the so-called Dunckards (Tunker, dompelaers), has to this day maintained its condemnation of education and of every form of possession beyond that indispensable to life.
[…]Goethe’s remark in fact applied often enough to the Calvinist: “The man of action is always ruthless; no one has a conscience but an observer.”
From that followed for the individual an incentive methodically to supervise his own state of grace in his own conduct, and thus to penetrate it with asceticism. But, as we have seen, this ascetic conduct meant a rational planning of the whole of one’s life in accordance with God’s will.
This rationalization of conduct within this world, but for the sake of the world beyond, was the consequence of the concept of calling of ascetic Protestantism.
Wealth as such is a great danger; its temptations never end, and its pursuit is not only senseless as compared with the dominating importance of the Kingdom of God, but it is morally suspect. asceticism seems to have turned much more sharply against the acquisition of earthly goods than it did in Calvin, who saw no hindrance to the effectiveness of the clergy in their wealth, but rather a thoroughly desirable enhancement of their prestige.
[…]Examples of the condemnation of the pursuit of money and goods may be gathered without end from Puritan writings, and may be contrasted with the late mediaeval ethical literature, which was much more open-minded on this point.
Not leisure and enjoyment, but only activity serves to increase the glory of God, according to the definite manifestations of His will.
Waste of time is thus the first and in principle the deadliest of sins.
[…]according to Baxter, it is always those who are not diligent in their callings who have no time for God when the occasion demands it.
St. Paul’s “He who will not work shall not eat” holds unconditionally for everyone. Unwillingness to work is symptomatic of the lack of grace.
A man without a calling thus lacks the systematic, methodical character which is, as we have seen, demanded by worldly asceticism.
What God demands is not labour in itself, but rational labour in a calling.
[…]the faithful Christian must follow the call by taking advantage of the opportunity.
Wealth is thus bad ethically only in so far as it is a temptation to idleness and sinful enjoyment of life, and its acquisition is bad only when it is with the purpose of later living merrily and without care.
To wish to be poor was, it was often argued, the same as wishing to be unhealthy
Especially begging, on the part of one able to work, is not only the sin of slothfulness, but a violation of the duty of brotherly love according to the Apostle’s own word.
[…]the Puritan idea of the calling and the premium it placed upon ascetic conduct was bound directly to influence the development of a capitalistic way of life. As we have seen, this asceticism turned with all its force against one thing: the spontaneous enjoyment of life and all it had to offer.
The feudal and monarchical forces protected the pleasure seekers against the rising middle-class morality and the anti-authoritarian ascetic conventicles, just as today capitalistic society tends to protect those willing to work against the class morality of the proletariat and the anti-authoritarian trade union.
Impulsive enjoyment of life, which leads away both from work in a calling and from religion, was as such the enemy of rational asceticism
The greater the possessions the heavier, if the ascetic attitude toward life stands the test, the feeling of responsibility for them, for holding them undiminished for the glory of God and increasing them by restless effort.
This worldly Protestant asceticism
[…]acted powerfully against the spontaneous enjoyment of possessions; it restricted consumption, especially of luxuries.
The campaign against the temptations of the flesh, and the dependence on external things, was
[…]not a struggle against the rational acquisition, but against the irrational use of wealth.
[…]asceticism was the power “which ever seeks the good but ever creates evil”; what was evil in its sense was possession and its temptations. For, in conformity with the Old Testament and in analogy to the ethical valuation of good works, asceticism looked upon the pursuit of wealth as an end in itself as highly reprehensible; but the attainment of it as a fruit of labour in a calling was a sign of God’s blessing.
In fact the whole history of monasticism is in a certain sense the history of a continual struggle with the problem of the secularizing influence of wealth.
“I fear, wherever riches have increased, the essence of religion has decreased in the same proportion. Therefore I do not see how it is possible, in the nature of things, for any revival of true religion to continue long. For religion must necessarily produce both industry and frugality, and these cannot but produce riches. But as riches increase, so will pride, anger, and love of the world in all its branches. How then is it possible that Methodism, that is, a religion of the heart, though it flourishes now as a green bay tree, should continue in this state? For the Methodists in every place grow diligent and frugal; consequently they increase in goods. Hence they proportionately increase in pride, in anger, in the desire of the flesh, the desire of the eyes, and the pride of life. So, although the form of religion remains, the spirit is swiftly vanishing away. Is there no way to prevent this—this continual decay of pure religion? We ought not to prevent people from being diligent and frugal; we must exhort all Christians to gain all they can, and to save all they can; that is, in effect, to grow rich.”
There follows the advice that those who gain all they can and save all they can should also give all they can, so that they will grow in grace and lay up a treasure in heaven. It is clear that Wesley here expresses, even in detail, just what we have been trying to point out.
[…]the bourgeois business man, as long as he remained within the bounds of formal correctness, as long as his moral conduct was spotless and the use to which he put his wealth was not objectionable, could follow his pecuniary interests as he would and feel that he was fulfilling a duty in doing so. The power of religious asceticism provided him in addition with sober, conscientious, and unusually industrious workmen, who clung to their work as to a life purpose willed by God.
Mediaeval ethics not only tolerated begging but actually glorified it in the mendicant orders. Even secular beggars, since they gave the person of means opportunity for good works through giving alms, were sometimes considered an estate and treated as such.
[…]the whole ascetic literature of almost all denominations is saturated with the idea that faithful labour, even at low wages, on the part of those whom life offers no other opportunities, is highly pleasing to God.
The treatment of labour as a calling became as characteristic of the modern worker as the corresponding attitude toward acquisition of the business man.
Read the whole book: The Protestant Ethic and the Spirit of Capitalism.
I’m Jens, and I’m an engineering lead and author. I’ve worked as a technical lead for Google, I’m close to W3C and WHATWG, and I write and review books for O’Reilly. I love trying things, sometimes including philosophy, art, and adventure. Here on meiert.com I share some of my views and experiences.
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