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Religion and the rise of capitalism

Note 41 — Chapter IV · THE PURITAN MOVEMENT

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Puritan Manifestoes, p. 120, quoted by H. G. Wood, The Influence of the Reformation on Ideas concerning Wealth and Property, in Property, its Rights and Duties, 1913, p. 142. Mr. Wood’s essay contains an excellent discussion of the whole subject, and I should like here to acknowledge my obligations to it. For the views of Knewstub, Smith, and Baro, see the quotations from them printed by Haweis, Sketches of the Reformation, 1844, pp. 237-40, 243-6. It should be noted that Baro, while condemning those who, “sitting idle at home, make merchandise only of their money, by giving it out in this sort to needy persons ... without having any regard of his commodity to whome they give it, but only of their own gain,” nevertheless admitted that interest was not always to be condemned. See also Thos. Fuller, History of the University of Cambridge, ed. M. Prickett and T. Wright, 1840, pp. 275-6, 288-9, and Cunningham, Growth of English Industry and Commerce, Modern Times, 1921 ed., pt. i, pp. 157-8.

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