Culture in Economics

History, Methodological Reflections and Contemporary Applications

Business & Finance, Economics, Economic History, Nonfiction, Social & Cultural Studies, Social Science
Cover of the book Culture in Economics by Sjoerd  Beugelsdijk, Robbert  Maseland, Cambridge University Press
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Author: Sjoerd Beugelsdijk, Robbert Maseland ISBN: 9780511852893
Publisher: Cambridge University Press Publication: December 23, 2010
Imprint: Cambridge University Press Language: English
Author: Sjoerd Beugelsdijk, Robbert Maseland
ISBN: 9780511852893
Publisher: Cambridge University Press
Publication: December 23, 2010
Imprint: Cambridge University Press
Language: English

Many economists now accept that informal institutions and culture play a crucial role in economic outcomes. Driven by the work of economists like Nobel laureates Douglass North and Gary Becker, there is an important body of work that invokes cultural and institutional factors to build a more comprehensive and realistic theory of economic behavior. This book provides a comprehensive overview of research in this area, sketching the main premises and challenges faced by the field. The first part introduces and explains the various theoretical approaches to studying culture in economics, going back to Smith and Weber, and addresses the methodological issues that need to be considered when including culture in economics. The second part of the book then provides readers with a series of examples that show how the cultural approach can be used to explain economic phenomena in four different areas: entrepreneurship, trust, international business and comparative corporate governance.

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Many economists now accept that informal institutions and culture play a crucial role in economic outcomes. Driven by the work of economists like Nobel laureates Douglass North and Gary Becker, there is an important body of work that invokes cultural and institutional factors to build a more comprehensive and realistic theory of economic behavior. This book provides a comprehensive overview of research in this area, sketching the main premises and challenges faced by the field. The first part introduces and explains the various theoretical approaches to studying culture in economics, going back to Smith and Weber, and addresses the methodological issues that need to be considered when including culture in economics. The second part of the book then provides readers with a series of examples that show how the cultural approach can be used to explain economic phenomena in four different areas: entrepreneurship, trust, international business and comparative corporate governance.

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