Scottish Ethics

Paper Summary:

The paper shows how certain factors have contributed the ethical working practices of Scotland. Factors discussed are the Presbyterian religion where the emphasis is on considering the effects a decision can have upon the community when engaging in ethical decision making; as well as the legacy of thriftiness left on the country by Scotsman Adam Smith, the father of capitalism.

From the Paper:

"Thus in ethical decision making, practicality for the Scots is key. Perhaps the truest secular "patron saint" of Scotland is Adam Smith, the intellectual founding father of capitalism. Although this may seem to conflict with the idea of the largely commination ethos outlined above, it is important to note that Smith's version of capitalism was based more on thrift and trusting the "individual hand" of the market than spreading the pseudo-Wall Street creed that "greed is good," as his works are often misperceived as advocating. Smith's philosophy shows the Scottish ethics of decision making in his belief that rather than control from above (as from the King and the bishops in the hierarchy of the Anglican Church) control is best bestowed through trusting the invisible forces (of God, human reason, and money) and common-sense decision making."

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