How would you describe Irving's spin on the Faust legend?

Washington Irving's spin on the Faust legend, particularly in "The Devil and Tom Walker," transforms the traditional themes of ambition and moral compromise into a critique of greed and materialism. Instead of a scholarly figure seeking knowledge, Tom Walker is portrayed as a miserly man who makes a pact with the devil for wealth, ultimately leading to his downfall. Irving emphasizes the consequences of moral corruption and the folly of prioritizing wealth over integrity, reflecting the values and societal concerns of his time. This adaptation serves as both a cautionary tale and a satirical commentary on the American pursuit of success.