This essay attempts to reconsider Weber’s The Protestant Ethic and the Spirit of Capital- ism (= PE) in the light of recent historical research. First, it briefly reviews Weber’s concept of modern capitalism. Second, it reassesses Weber’s account in the emergence of PE of the modern notion of “calling” (Beruf) in Luther. Third, the paper provides a survey of modern research on long-term changes within the semantic field of work, labour, occupation and employment. It thus supports Weber’s key argument that Protestantism, with its positive work ethic, departed radically from the arrogant contempt of manual labour typical of the ruling classes in antiquity and the Middle Ages. Fourth, the author examines Weber’s claim that the rising middle cl...