Culture, human agency, and economic theory: Culture as a determinant of material welfare

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21 Citations (Scopus)

Abstract

In this paper cultural factors are incorporated into a behavioral model of economic growth and development and the circumstances under which culture can make a difference are articulated. In this context, the question of the long run survival, in a competitive environment, of firms and societies imbued with cultural precepts that are not conducive to growth and development, is addressed. This discussion attempts to redress a gap in economic theory, which does not well incorporate cultural factors as independent and causally substantive variables.

Original languageEnglish
Pages (from-to)379-391
Number of pages13
JournalJournal of Socio-Economics
Volume30
Issue number5
DOIs
Publication statusPublished - Sep 2001

Keywords

  • Agency
  • Culture
  • Development
  • J200
  • O100
  • X-efficiency
  • Z100

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