Weber linked Protestant sect membership to socializing investment risk

Evidence

While he refers only briefly to New York City’s “fortresses of capital,” it is the innerworldly methodicalness of American puritans that fascinates him most. Although he doesn’t directly link the spectacular rise of public speculation to the growth of Protestant sects, Weber proposes that Americans’ turn to the latter may have been a rational method of socializing the risks of their investment activities. — Aris Komporozos-Athanasiou, Speculative Communities, 226

Categorization

• XREF: Extends Weber’s Protestant-ethic thesis into a speculation risk-sharing reading — connects to the reader’s finance history interests. — connects to: Protestant sect membership certificates once functioned as portable credit for strangers — Shapiro, Susan P., The Social Control of Impersonal Trust, 89
• QUESTION: This is a tantalizing but brief suggestion in Weber — worth investigating whether anyone has developed the Protestant-sect-as-risk-pooling idea further.

Broader Connections

• Protestant sect membership certificates once functioned as portable credit for strangers #expands (0.85) — Shapiro, Susan P., The Social Control of Impersonal Trust, 89