Rituals: An economic interpretation
AbstractThis paper provides a rational choice analysis of rituals, defined as predictable and regular observances of acts or procedures, which have a symbolic element resulting in the inculcation or reinforcement of shared values and beliefs. The purpose is threefold. First, to make clear why rituals matter for economic and social outcomes. Second, to engage in interdisciplinary exchange by demonstrating how economics can be blended with insights from other social sciences. Third, to gain insight into why rituals exist and persist, as well as the process through which rituals change.
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Bibliographic InfoArticle provided by Elsevier in its journal Journal of Economic Behavior & Organization.
Volume (Year): 78 (2011)
Issue (Month): 1-2 (April)
Contact details of provider:
Web page: http://www.elsevier.com/locate/jebo
Capabilities Development Identity Rituals;
Other versions of this item:
- O17 - Economic Development, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
- O43 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
- Z1 - Other Special Topics - - Cultural Economics
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