Culture in Economics
History, Methodological Reflections and Contemporary Applications

AUTHORS:
Sjoerd Beugelsdijk, Rijksuniversiteit Groningen, The Netherlands
Robbert Maseland, Rijksuniversiteit Groningen, The Netherlands



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.

• Serves as a general introduction to the field with extensive coverage of the empirical literature about culture (values, norms, beliefs) in economics
• Provides historical background to the debate about culture in economics allowing readers to understand the debate's origins and preconceptions
• Covers a broad range of disciplines making sociological, anthropological and historical insights accessible to those working in economics

Table of Contents

List of figures
List of tables
List of textboxes
Prologue

Part I. Historical and Methodological Reflections on Culture in Economics:
1. Defining culture
2. How culture disappeared from economics
3. Explaining the rise of culture in modern economics
4. Culture in economics: contemporary theoretical perspectives
5. A methodological perspective on culture in economics

Part II. Applications of Culture in Contemporary Economics: Introduction to Part II
6. Entrepreneurial culture
7. Trust
8. International business
9. Comparative corporate governance

Part III. Evaluation:
10. Discussion

References
Index.



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