Culture, Institutions and Policy

Abstract

We review theoretical and empirical research on the dynamic interactions between cultures and institutions. We think about culture as a system of values and about institutions as formalized rules of the game. Our presentation is organized around a simple theoretical framework of political agency, which is gradually expanded so as to introduce new links and feedbacks between culture and institutions.

Keywords: institutions, culture, history, development, persistence

JEL Classification: H0, N0, O1