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Max Weber called the maxim “Time is Money” the surest, simplest expression of the spirit of capitalism. Coined in 1748 by Benjamin Franklin, this modern proverb now has a life of its own. In this paper, I examine the worldwide diffusion and sociocultural history of this paradigmatic expression. The intent is to explore the ways in which ideas of time and money appear in sedimented form in popular sayings.

My approach is sociological in orientation and multidisciplinary in method. Drawing upon the works of Max Weber, Antonio Gramsci, Wolfgang Mieder, and Dean Wolfe Manders, I explore the global spread of Ben Franklin’s famed adage in three ways: (1) via evidence from the field of “paremiology” – that is, the study of proverbs; (2) via online searches for the phrase “Time is Money” in 30-plus languages; and (3) via evidence from sociological and historical research.

The conviction that “Time is Money” has won global assent on an ever-expanding basis for more than 250 years now. In recent years, this phrase has reverberated to the far corners of the world in literally dozens of languages – above all, in the languages of Eastern Europe and East Asia.

Methodologically, this study unites several different ways of exploring the globalization of the capitalist spirit. The main substantive implication is that, as capitalism goes global, so too does the capitalist spirit. Evidence from popular sayings gives us a new foothold for insight into questions of this kind.

Neoclassic economics is a thing of considerable beauty. It yet finds an increasing tendency on the part of those trained in its discipline to rebel from its neatly fitted abstractions and intriguing diagrams. The rebellion stems from two sources. Veblen's sweeping attacks upon its postulates¹⁶ shock its theoretical foundations. The rapid changes in the industrial and business world discredited it on another front by bringing into increasingly sharp relief the divergence between the institutional assumptions of the orthodox theory and the conditions actually obtaining. The giant corporation, overhead costs, and the necessity for maintenance of volume, industrial concentration, the trade association, a widening spread among income classes, advertising, the growing inability of the consumer to gauge quality, the resort to reorganization instead of the “going out of business” of the long-run analyses – what place could the orthodox theory give to these important characteristics of the existing business economy?

Drawing on ethnographic data collected over a 9-year period, from 1998 through 2006, we examine the foundations of community among a non-geographic, mobile, identity-based community of touring motorcyclists. Although traditionally oriented geographic communities continue to exist, the literature shows a growing trend toward non-geographic, identity-based communities, whose cohesiveness is based on collective identity, in-group/out-group boundaries, shared values, and symbols. Our focus on a mobile identity-based community contributes to this literature by examining a collectivity that is not only non-geographically situated, but is also based on a strong value placed on travel. Within the touring BMW motorcycling community, we found a strong collective identity that was founded on the shared values of adventure touring; long-distance, all weather endurance riding; proficient, and highly skilled riding; and safety. Our findings contribute to the literature on identity-based communities by demonstrating the salience of ritualized interaction that rewards those who conform to (or excel at) group values and reinforces the sense of collective identity that exists among this dispersed, mobile community. Additionally, our research demonstrates that a recreational subculture can provide some of the traditional benefits of community without many of the demands present in the more comprehensive forms of community.

This chapter presents an attempt to understand why mediation has gained so much popularity in the western world in the past three decades. I demonstrate how mediation, of all the processes that have sprung under the umbrella of the ADR movement, responds to some basic human needs and offers a way to thoroughly deal with authoritarian tendencies and patterns common, too common, in modern everyday life. A wider understanding of these needs can help emphasize the added values of the mediation process as a profound alternative to the legal proceedings as a mechanism for transforming disputes.

This chapter explores dominant ideologies theoretically in an organizational setting. A framework is developed to advance our understanding of how ‘dominant ideological modes of rationality’ reflect predictability through the reproduction of accepted truths, hence social order in organization. Dominant ideological modes of rationality constitute professional identity, power relations, and rationality and frame prevailing mentalities and social practices in organization. It is suggested that members’ categorization devices structure and constrain social practices. Supplementing the existent power literature, the chapter concludes that professional identity produces rationality, power and truth – truth being the overarching concept assembled through the rationalities assembled in professional members’ categorization devices. Research and managerial implications are discussed.