Culture and Economic Systems

39 Pages Posted: 9 Dec 2007

Abstract

Applying a cluster analysis to the results of the World Value Study, this article shows that the OECD nations have five distinct patterns of cultural characteristics. Moreover, these five cultural systems are almost the same as a classification of economic systems that have been derived from a cluster analysis of their economic institutions. A comparison of the cultural characteristics of East and West Germany suggests that the economic system has relatively little influence on the cultural systems. Instead, in a democracy, where the economic system is not imposed by force, the cultural characteristics are more likely to determine the economic system, rather than the reverse.

Suggested Citation

Pryor, Frederic L., Culture and Economic Systems. American Journal of Economics and Sociology, Vol. 66, No. 4, pp. 817-855, October 2007, Available at SSRN: https://ssrn.com/abstract=1061821 or http://dx.doi.org/10.1111/j.1536-7150.2007.00541.x

Frederic L. Pryor (Contact Author)

Swarthmore College ( email )

500 College Ave
Swarthmore, PA 19081
United States

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