I broadly agree with your conclusions, and I wanted to further note that this article in the PNAS draws a link between cognitive skills and material success in a way not simply mediated by job choice.
While we certainly cannot say that cognitive skills and rationality are identical, the article does discuss how groups with higher average ability to plan, take calculated risks, etc. seem to do better over the long-run, including a specific discussion of the Industrial Revolution in Britain.
I broadly agree with your conclusions, and I wanted to further note that this article in the PNAS draws a link between cognitive skills and material success in a way not simply mediated by job choice.
While we certainly cannot say that cognitive skills and rationality are identical, the article does discuss how groups with higher average ability to plan, take calculated risks, etc. seem to do better over the long-run, including a specific discussion of the Industrial Revolution in Britain.