How Christianity Influenced the Development of Capitalism in Medieval Europe

Jacob Soll in Literary Hub:

In many ways, the story of medieval economic thought begins with the life of the founder of the Franciscan Order, Saint Francis of Assisi. He was born Giovanni di Pietro di Bernardone in 1181 in Umbria, Italy, his father a silk merchant and his mother a noblewoman from Provence. The family was part of a new class of wealthy merchants who inhabited the Latin Mediterranean from Italy and southern France to Barcelona. It was a socioeconomic stratum that Francis would reject.

In 1205, he had a mystical vision that led him to forsake earthly wealth. He renounced his inheritance and, in a stunning display of his dedication to total poverty in the name of Christ, stripped his clothes off in public, driving his horrified father to disown him. From then on, he wore only coarse peasant garb, walking and dwelling among the poor as a mendicant monk and living only from donations.

More here.