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Culture and Economic Systems

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  • Frederic L. Pryor
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    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. Copyright 2007 American Journal of Economics and Sociology, Inc..

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    Bibliographic Info

    Article provided by Wiley Blackwell in its journal American Journal of Economics and Sociology.

    Volume (Year): 66 (2007)
    Issue (Month): 4 (October)
    Pages: 817-855

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    Handle: RePEc:bla:ajecsc:v:66:y:2007:i:4:p:817-855

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    Cited by:
    1. Pryor, Frederic L., 2008. "Culture rules: A note on economic systems and values," Journal of Comparative Economics, Elsevier, vol. 36(3), pages 510-515, September.
    2. Ziebarth, Nicolas R. & Wagner, Gert G., 2013. "Top‐Down vs. Bottom‐Up: The Long‐Term Impact of Government Ideology and Personal Experience on Values," IZA Discussion Papers 7279, Institute for the Study of Labor (IZA).
    3. Buchen, Clemens, 2010. "Emerging economic systems in Central and Eastern Europe – a qualitative and quantitative assessment," EconStor Theses, ZBW - German National Library of Economics, number 37141.

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