"Brad McCormick, Ed.D. wrote,

> It is my understanding that our concept of "time is money"
> is a modern idea which was discovered/invented over
> a millenium -- but I can't find the references at the moment.

Benjamin Franklin, Advice to a Young Tradesman, 1748. Cited by Max Weber as
the epitome of the capitalist spirit in "The Protestant Ethic and the Spirit
of Capitalism".

"Remember, that time is money. He that can earn ten shillings a day by his
labour, and goes abroad, or sits idle, one half of that day, though he
spends but sixpence during his diversion or idleness, ought not to reckon
that the only expense; he has really spent, or rather thrown away, five
shillings besides."

Weber argued that what he termed the protestant ethic was a secularization
of the notion of a spiritual calling, which under Catholicism denoted a
hierarchy that placed clergy above the laity in the degree to which they
were worthy of grace.

One *might* think of it as a democratization as long as one chooses to
ignore the way that hierarchy is smuggled back into the concept at each
stage of its secularization. In other words, instead of democratizing grace
the evolution has simply drained the grace from hierarchy. Amazing. We are
left with nothing but hierarchy, plain and simple.

Tom Walker

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