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Rituals: An economic interpretation

Author

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  • Coyne, Christopher J.
  • Mathers, Rachel L.

Abstract

This 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.

Suggested Citation

  • Coyne, Christopher J. & Mathers, Rachel L., 2011. "Rituals: An economic interpretation," Journal of Economic Behavior & Organization, Elsevier, vol. 78(1), pages 74-84.
  • Handle: RePEc:eee:jeborg:v:78:y:2011:i:1:p:74-84
    DOI: 10.1016/j.jebo.2010.12.009
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    Cited by:

    1. Constantine Bourlakis, 2016. "The Emperor?s New Mind: On Constantine?s I Decision to Legalize Christianity," International Journal of Social Sciences, International Institute of Social and Economic Sciences, vol. 5(1), pages 47-59, February.
    2. repec:kap:ejlwec:v:45:y:2018:i:1:d:10.1007_s10657-017-9562-7 is not listed on IDEAS
    3. Rai, Birendra & Sengupta, Kunal, 2013. "Pre-marital confinement of women: A signaling and matching approach," Journal of Development Economics, Elsevier, vol. 105(C), pages 48-63.
    4. Constantine Bourlakis, 2015. "Rituals and Focal Points in Byzantium under the Emperor Justinian I," Proceedings of International Academic Conferences 3105279, International Institute of Social and Economic Sciences.

    More about this item

    Keywords

    Capabilities; Development; Identity; Rituals;

    JEL classification:

    • O17 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
    • Z1 - Other Special Topics - - Cultural Economics

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