The Protestant work ethic, brought to America by early Puritans and other settlers, reinforced the idea that hard work and economic success are signs of divine favor. This theological perspective aligns closely with capitalist ideals, suggesting that market success is a reflection of personal virtue and effort. Consequently, prices determined by the market are perceived as just rewards for one’s labor and entrepreneurial skill, rather than as fixed, objective values.
pricing
right to negotiate
American law, particularly contract law, emphasizes the freedom to negotiate and bargain without state interference. The principle of caveat emptor, or let the buyer beware, underscores the expectation that both parties in a transaction are responsible for establishing a fair price. Unlike German law, which may emphasize fairness and transparency, American law prioritizes individual autonomy and the right to negotiate based on perceived value.