- Stephen Count of Bethlen
The Role of Calvinism in the Development of Modern Economy

In 2017 the world has celebrated the 500th anniversary of Reformation, for this occa-sion countless events and publications commended the significance of this historical event, thus the work of Martin Luther and of course John Calvin as well. Surprisingly, the economic aspects of Calvin and Calvinism have not been stressed, although it seems that the national economy literature, but from other point of views in the scientific world, such as theology, political sciences and history has been controversially working for over more than a century about this topic. This study seeks to fill this gap after the jubilee year. It is achieved by colliding the two extreme positions that Calvin has no effect on the economy or, on the contrary, they see him as the forerunner of capitalism.