Network Closure, Group Identity and Attitudes Toward Merchants
Culture and Economic Action, eds. Laura E. Grube and Virgil Henry Storr, Edward Elgar Publishing, 2015.
15 Pages Posted: 14 Feb 2016
Date Written: 2015
Culture shapes economic behavior and colors economic outcomes. Although we may choose to avoid explicitly discussing culture within the social sciences, it will be implicit in our assumptions. The question, then, becomes how to incorporate culture into economic analysis. Some economists have conceived of culture as a tool or a resource as they have attempted to operationalize a difficult concept. Others have discussed culture as if it were a set of blinders, closing off some opportunities and focusing attention on others. Still others have treated culture as a lens through which we view the world, or perhaps colored glasses that establish a certain hue to our vision.
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