Common Law

Running head: RATIONAL CHOICE THEORY, AND THE PROTESTANT WORK ETHIC 1
Capitalism, rational choice theory, and the Protestant Work Ethic
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CAPITALISM, RATIONAL CHOICE THEORY, AND THE PROTESTANT WORK ETHIC 2
Capitalism, rational choice theory, and the Protestant Work Ethic
In the Faith and the American Dream article Foster and Rank attribute capitalism to
social and economic demands of the society and religion as some for the driving force. The
American dream manifests in the Protestants work ethics that is synonymous with hard work and
wealth creation as purposed by God. Thus, success was a form of piety, a devotion to God, and
living into the vocational calling God set forth (Foster & Rank, Forthcoming). Based on the
God’s calling for people to work hard as a way of full filing their and serving their purpose in the
world many Americans who are protestants became economically empowered.
Evidence of the Puritan and Calvinist culminates despite the current political rhetoric, the
centrality of the Protestant work ethic as a core ideal remains intact (Foster & Rank,
Forthcoming p). The gospel influences Americans, and everyone is affected by Calvinist and
Puritan roots even when one is not ascribed to any particular religion or faith tradition. The work
ethic was driven by the need to achieve self-success to demonstrate that one was part of God’s
elect evolved into an individual drive to work harder and make more.
Religion forms an important aspect of consideration in the American society and defines
a key success in the economic growth of the people. Despite having a growing number of those
who claim no faith, the large number of American are believers, and the opinion towards work is
based on religious views. Majority of Americans believed that working was a part of lining as
God commanded. Hence more people worked hard to live according to God’s teachings. Thus,
the American Dream conjures up images of social and economic success through the hard work
and posits that everyone can succeed as long as they play by the rules (Foster & Rank,
Forthcoming). Accordingly, moral and work ethics are enshrined in the religious faith.
CAPITALISM, RATIONAL CHOICE THEORY, AND THE PROTESTANT WORK ETHIC 3
In Max Webber’s The Protestant and the Spirit of Capitalism, Catholics are juxtaposed to
Protestants in how they perceive work and capitalism. Unlike Protestants, Catholics favor their
traditional cultures that do not emphasize work as Godly given mandate. He argues that “the
emancipation from economic traditionalism appears …to be a factor which would
greatly…sanctity of the religious tradition…as…authorities” (Weber & Parsons, 2014). In the
spirit of capitalism, this traditional view of work and religion plays a critical role in
understanding how each faith perceives the concept of work.
The smaller participation of Catholics in the modern business life of Germany is an
indication traditional beliefs that are deep-rooted in the cultures of the religion. Calvinist
identifies the true faith through exploring the conducts of Christians that increase the glory of
God in their service.
Smith’s theory of specialization, on the other hand, unlike religious perspective on the
growth of the economy, focuses on the role of an individual in the contribution of the growth of
the economy. According to him, capitalism grew from specialization as it contributed to more
productivity in each area as a person grew in one way or another.
In the history of ideas, the video recounts on how capitalism has grown from the days of
Christ. It argues that through centuries capitalism has developed to meet the demands of the
people as societies grow from small to unities to the modern global society that has more
requirements and needs among the people.
CAPITALISM, RATIONAL CHOICE THEORY, AND THE PROTESTANT WORK ETHIC 4
References
Foster, K. A. & Rank, M., R. (Forthcoming). Faith and American Dream: Economic and
Religious Ideas in the United States.
Weber, M., & Parsons, T. (2014). The Protestant ethic and the spirit of capitalism. Kettering,
OH: Angelico Press.

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