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Economics and Culture: Is the Context Considered?

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  • Eelke de Jong

Abstract

This paper reviews the recent literature on economics and culture to investigate whether and how it considers the context. It first describes how culture reentered the economic literature from 1990s onwards. It then presents empirical studies on the relation between culture, institutions and economic performance. Thereafter, the role of culture for economic change as well as the historical roots of cultural differences are investigated. Finally, the question whether these approaches are contextual is answered, and recommendations are made for enhancing a cultural / contextual view on economics when appropriate.

Suggested Citation

  • Eelke de Jong, 2021. "Economics and Culture: Is the Context Considered?," Journal of Contextual Economics (JCE) – Schmollers Jahrbuch, Duncker & Humblot, Berlin, vol. 141(1-2), pages 3-24.
    • Handle: RePEc:dah:aeqjce:v141_y2021_i1_q1_p3-24
    DOI: 10.3790/schm.141.1-2.3
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    More about this item

    Keywords

    Culture; Context; Culture and Change; Deep Determinants; Cultural Dimensions;
    All these keywords.

    JEL classification:

    • B50 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - General
    • Z10 - Other Special Topics - - Cultural Economics - - - General

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