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Culture rules: A note on economic systems and values

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  • Pryor, Frederic L.

Abstract

This note shows that distinct clusters of general values found in various OECD nations match the particular economic systems of these countries; furthermore, these values seem to be an important underlying cause of the systems. If the values specifically focus on economic issues, rather than on more general considerations, the relationship between nations with particular groups of values and nations with the same economic system is also closer. Finally, the evidence suggests that one-to-one relationships of individual values to particular economic systems are not strong; rather, it is groups of values working together that play the critical causal role. Journal of Comparative Economics 36 (3) (2008) 510-515.

Suggested Citation

  • 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.
  • Handle: RePEc:eee:jcecon:v:36:y:2008:i:3:p:510-515
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    References listed on IDEAS

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    1. Pryor,Frederic L., 2005. "Economic Systems of Foraging, Agricultural, and Industrial Societies," Cambridge Books, Cambridge University Press, number 9780521613477.
    2. Pryor, Frederic L., 2005. "Market economic systems," Journal of Comparative Economics, Elsevier, vol. 33(1), pages 25-46, March.
    3. Licht, Amir N. & Goldschmidt, Chanan & Schwartz, Shalom H., 2007. "Culture rules: The foundations of the rule of law and other norms of governance," Journal of Comparative Economics, Elsevier, vol. 35(4), pages 659-688, December.
    4. Frederic L. Pryor, 2007. "Culture and Economic Systems," American Journal of Economics and Sociology, Wiley Blackwell, vol. 66(4), pages 817-855, October.
    5. Pryor,Frederic L., 2005. "Economic Systems of Foraging, Agricultural, and Industrial Societies," Cambridge Books, Cambridge University Press, number 9780521849043.
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    Cited by:

    1. Claudia R. Williamson & Carrie B. Kerekes, 2011. "Securing Private Property: Formal versus Informal Institutions," Journal of Law and Economics, University of Chicago Press, vol. 54(3), pages 537-572.
    2. 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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    Keywords

    Economic systems Values;

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