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Capitalism and the Jews: A Review by Jerry Muller

John Updike

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In his book Capitalism and the Jews, Jerry Muller argues that the Jews have played a disproportionate role in the development of capitalism. He traces the history of Jewish involvement in trade, finance, and industry, from the Middle Ages to the present day. Muller argues that Jews have been drawn to capitalism because it offers them opportunities for economic advancement and social mobility. He also argues that capitalism has benefited from Jewish participation, as Jews have brought innovation, hard work, and a strong work ethic to the marketplace.

Capitalism and the Jews

by Jerry Z. Muller

4.7 out of 5

Language	:	English
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Muller's book is a valuable contribution to the scholarship on capitalism and the Jews. It is a well-researched and insightful study that sheds new light on the complex relationship between the two. The book is also a timely reminder of the importance of tolerance and understanding in a world that is increasingly divided along religious and ethnic lines.

The Origins of Capitalism

The origins of capitalism lie in the late Middle Ages, when European merchants began to develop new ways of organizing trade and production. These new methods, which included the use of credit, the division of labor, and the development of new technologies, allowed merchants to increase their profits and accumulate wealth. As capitalism developed, it gradually replaced the feudal economy that had dominated Europe for centuries.

Jews played a significant role in the development of early capitalism. They were often involved in trade, finance, and industry, and they brought new ideas and technologies to the marketplace. Jews were also often willing to take risks, which allowed them to succeed in a competitive economic environment.

The Jews in the Diaspora

The expulsion of the Jews from Spain in 1492 and from Portugal in 1497 forced many Jews to seek refuge in other parts of Europe. These Jews, who became known as Sephardim, settled in a number of different countries, including the Netherlands, England, and France. The Sephardim brought with them their skills in trade, finance, and industry, and they quickly became successful in their new homes.

In the 18th century, a second wave of Jewish migration occurred from Eastern Europe. These Jews, who became known as Ashkenazim, settled in a number of different countries, including the United States, Germany, and Russia. The Ashkenazim were often poor and uneducated, but they were also driven by a strong desire to succeed. They quickly became involved in a variety of economic activities, including trade, manufacturing, and banking.

The Jews and the Rise of Capitalism

The Jews played a significant role in the rise of capitalism in Europe and the United States. They were often involved in the development of new technologies, the expansion of trade, and the creation of new industries. Jews were also often willing to take risks, which allowed them to succeed in a competitive economic environment.

The contributions of the Jews to capitalism have been significant. They have helped to create a more prosperous and dynamic global economy. They have also helped to promote innovation, creativity, and economic growth.

Anti-Semitism and Capitalism

Despite the contributions of the Jews to capitalism, they have also faced significant anti-Semitism throughout history. This anti-Semitism has often been motivated by economic factors. Some people have accused Jews of being greedy, manipulative, and exploitative. These accusations have been used to justify discrimination against Jews, including violence and expulsion.

Anti-Semitism is a serious problem that has had a devastating impact on the Jewish people. It is important to remember that anti-Semitism is based on ignorance and prejudice. It is also important to remember that the Jews have made significant contributions to capitalism and to the world as a whole.

Capitalism and the Jews is a valuable contribution to the scholarship on capitalism and the Jews. It is a well-researched and insightful study that sheds new light on the complex relationship between the two. The book is also a timely reminder of the importance of tolerance and understanding in a world that is increasingly divided along religious and ethnic lines.

Capitalism and the Jews

by Jerry Z. Muller

4.7 out of 5