Cultural economics

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For an alternate standard usage of 'cultural economics', see Economics of the arts and literature.

Cultural economics is the branch of economics that studies the relation of culture to economic outcomes. Here, 'culture' is defined by shared beliefs and preferences of respective groups. Programmatic issues include whether and how much culture matters as to economic outcomes and what its relation is to institutions.^[1]

Applications include the study of religion,^[2] social norms.^[3] social identity,^[4] fertility,^[5] ideology,^[6] hatred,^[7] terrorism,^[8] trust,^[9] and the culture of economics.^[10][11] A general analytical theme is how ideas and behaviors are spread among individuals through the formation of social capital,^[12] social networks^[13] and processes such as social learning, as in the theory of social evolution^[14] and information cascades.^[15] Methods include case studies and theoretical and empirical modeling of cultural transmission within and across social groups.^[16]

See also

• Behavioral economics
• Cultural anthropology
• Cultural policy
• Economics of religion
• Economic anthropology
• Economic sociology
• Economics of the arts and literature
• Evolutionary economics
• Economic imperialism (economics)
• Social economics

Notes

1. ^ Press + button or ctrl + for small-font links below.
      • Raquel Fernández, 2008. "culture and economics." The New Palgrave Dictionary of Economics, 2nd Edition. Abstract and pre-publication copy.
      • Luigi Guiso, Paola Sapienza, and Luigi Zingales, 2006. "Does Culture Affect Economic Outcomes?," Journal of Economic Perspectives, 20(2), pp. 23-48.
      • Victor A. Ginsburgh & David Throsby ed., 2006, Handbook of the Economics of Art and Culture, v. 1:
          Mark Casson. "Culture and Economic Performance," Chapter 12, pp. 359-397. Abstract.
          Paul Streeten. "Culture and Economic Development," Chapter 13, pp. 399-412. Abstract.
      • Jeanette D. Snowball, 2008. Measuring the Value of Culture, Springer. Description and Arrow-page searchable chapter links.
      • Joseph Henrich et al., 2005. "'Economic Man' in Cross-Cultural Perspective: Behavioral Experiments in 15 Small-scale Societies," Behavioral and Brain Sciences, 28(6), pp. 795-815.
      • Samuel Bowles, 1998. "Endogenous Preferences: The Cultural Consequences of Markets and Other Economic Institutions," Journal of Economic Literature, 36(1), pp. 75–111.
2. ^ • Laurence R. Iannaccone, 1998. "Introduction to the Economics of Religion," Journal of Economic Literature, 36(3), pp. 1465–1495.
      • Laurence R. Iannaccone and Eli Berman, 2008. "religion, economics of," The New Palgrave Dictionary of Economics, 2nd Edition. Abstract.
3. ^ • H. Peyton Young, 2008. "social norms." The New Palgrave Dictionary of Economics, 2nd Edition. Abstract
      • Kenneth G. Binmore and Larry Samuelson, 1994. "An Economist's Perspective on the Evolution of Norms," Journal of Institutional and Theoretical Economics, 150(1), pp. 45-63. Abstract.
      • Richard A. Posner, 1997. "Social Norms and the Law: An Economic Approach," American Economic Review, 87(2), pp. 365-369.
      • Gary S. Becker and Kevin M. Murphy, 2001, Social Economics: Market Behavior in a Social Environment, ch. 10, "The Formation of Norms and Values." Description and table of contents. Harvard University Press.
      • Jess Benhabib, Alberto Bisin, and Matthew Jackson, ed., 2011. Handbook of Social Economics, Elsevier. Vol. 1A: Part 1. Social Preferences, ch. 1-11; Part 2. Social Actions, ch. 12-17. Description & Contents links and chapter-preview links.
      • Arthur J. Robson, 2008. "group selection," The New Palgrave Dictionary of Economics, 2nd Edition. Abstract.
4. ^ George A. Akerlof and Rachel E. Kranton, 2000. "Economics and Identity," Quarterly Journal of Economics, 115(3), pp. 715–53.
      • _____, 2005. "Identity and the Economics of Organizations," Journal of Economic Perspectives, 19(1), pp. 9–32.
      • _____, 2010. Identity Economics: How Our Identities Shape Our Work, Wages, and Well-Being, Princeton University Press. Description & TOC, "Introduction," pp. 3-8, and preview.
5. ^ Raquel Fernández and Alessandra Fogli, 2006. "Fertility: The Role of Culture and Family Experience," Journal of the European Economic Association, 4(2/3), pp. 552-561.
6. ^ • Roland Bénabou, 2008. "Ideology," Journal of the European Economic Association, 6(2-3), pp. 321-352..
      • Joseph P. Kalt and Mark A. Zupan, 1984. "Capture and Ideology in the Economic Theory of Politics," American Economic Review, 74(3), pp. 279-300. Reprinted in C. Grafton and A. Permaloff, ed., 2005, The Behavioral Study of Political Ideology and Public Policy Formation, ch. 4, pp. 65-104.
      • Alberto Bisina and Thierry Verdier, 2000. "A Model of Cultural Transmission, Voting and Political Ideology," European Journal of Political Economy, 16(1), pp. 5-29. Abstract.
      • D. Andrew Austin and Nathaniel T. Wilcox, 2007. "Believing in Economic Theories: Sex, Lies, Evidence, Trust, and Ideology," Economic Inquiry 45(3), pp. 502–518.
      • Timur Kuran, 1995. Private Truths, Public Lies: The Social Consequences of Preference Falsification. Harvard University Press. Description and scroll to chapter-preview links.
7. ^ Edward L. Glaeser, 2005. "The Political Economy Of Hatred," Quarterly Journal of Economics, 120(1), pp. 45-86.
8. ^ • S. Brock Blomberg and Gregory D. Hess,`2008. "terrorism, economics of," The New Palgrave Dictionary of Economics, 2nd Edition. Abstract.
      • Alan B. Krueger, 2008. What Makes a Terrorist: Economics and the Roots of Terrorism, Princeton. Description, Introduction, and ch. 1 preview.
9. ^ • Joyce Berg, John Dickhaut, and Kevin McCabe, 1995. "Trust, Reciprocity, and Social History," Games and Economic Behavior, 10(1), pp. 122-142. Abstract.
      • Raymond Fismana and Tarun Khanna, 1999. "Is Trust a Historical Residue? Information Flows and Trust Levels." Journal of Economic Behavior & Organization, 38(1), pp. 79-92. Abstract.
      • Nava Ashraf, Iris Bohnet, and Nikita Piankov, 2006. "Decomposing Trust and Trustworthiness," Experimental Economics, 9(3), pp. 193-208.
      • Paul J. Zak and Stephen Knack, 2001. "Trust and Growth," Economic Journal, 111(470), pp. 295-321.
      • Patrick Francois and Jan Zabojnik, 2005. "Trust, Social Capital, and Economic Development," Journal of the European Economic Association, 3(1), pp. 51-94.
      • Sjoerd Beugelsdijk, 2006. "A Note on the Theory and Measurement of Trust in Explaining Differences in Economic Growth," Cambridge Journal of Economics, 30(3), pp. 371–387.
      • Swee-Hoon Chuah et al., 2007. "Do Cultures Clash? Evidence from Cross-national Ultimatum Game Experiments," Journal of Economic Behavior & Organization, 64(1), pp. 35-48. Abstract.
10. ^ • Melvin W. Reder, 1999. Economics: The Culture of a Controversial Science, Description and chapter links.
       • Joseph J. Spengler,1970. "Notes on the International Transmission of Economic Ideas," History of Political Economy, 2(1), pp. 133-151.
       • Yuval Yonay and Daniel Breslau, 2006. "Marketing Models: The Culture of Mathematical Economics," Sociological Forum, 21(3), pp. 345-386. HTMl
11. ^ As at Journal of Economic Literature category JEL: Z1 Cultural Economics,....
12. ^ • Partha Dasgupta, 2008. "social capital," The New Palgrave Dictionary of Economics, 2nd Edition. Abstract.
       • Joel Sobel, 2002. "Can We Trust Social Capital?" Journal of Economic Literature, 40(1), pp. 139-154 (close Bookmarks tab).
13. ^ James Moody and Martina Morris. "social networks, economic relevance of," The New Palgrave Dictionary of Economics, 2nd Edition Abstract.
14. ^ • Paul Seabright, 2008. "hunters, gatherers, cities and evolution," The New Palgrave Dictionary of Economics, 2nd Edition. Abstract.
       • Alberto Bisin and Thierry Verdier, 2008. "cultural transmission," The New Palgrave Dictionary of Economics, 2nd Edition. Abstract.
       • Joel M. Guttman, 2003. "Repeated Interaction and the Evolution of Preferences for Reciprocity," Economic Journal, 113(489), pp. 631-656.
       • Alberto Bisin et al., 2004. "Cooperation as a Transmitted Cultural Trait," Rationality and Society, 16(4), 477-507. Abstract.
15. ^ • Sushil Bikhchandani, David Hirshleifer, and Ivo Welch, 1992. "A Theory of Fads, Fashion, Custom, and Cultural Change as Informational Cascades." Journal of Political Economy, 100(5), pp. 992-1026.
       • Sushil Bikhchandani, David Hirshleifer, and Ivo Welch, 1998. "Learning from the Behavior of Others: Conformity, Fads, and Informational Cascades," Journal of Economic Perspectives, 12(3), pp. 151-170.
       • Sushil Bikhchandani, David Hirshleifer, and Ivo Welch, 2008. "information cascades," The New Palgrave Dictionary of Economics, 2nd Edition. Abstract.
16. ^ • Alberto Bisin and Thierry Verdier, 2008. "cultural transmission. The New Palgrave Dictionary of Economics, 2nd Edition. Abstract.
       • Rob Boyd, 2008. "cross-cultural experiments." The New Palgrave Dictionary of Economics, 2nd Edition. Abstract.
       • José A. Scheinkman, 2008. "social interactions (theory)," The New Palgrave Dictionary of Economics, 2nd Edition.Abstract.
       • Charles F. Manski, 2000. "Economic Analysis of Social Interactions," Journal of Economic Perspectives, 14(3), pp.115-36 here or here or with linked citations.
       • Edward P. Lazear, 1999. "Culture and Language," Journal of Political Economy, 107(6), Part 2, pp. S95-S126. Complete abstract.

Journals

• Economic Development and Cultural Change
• Journal of Cultural Economics. Description, scope and links to volume contents.