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Ceremonial Economics: A General Review

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  • Aras Yolusever

    (İstanbul Kültür Üniversitesi)

Abstract

Ceremonial economics explores how traditional values, myths, and rituals intersect with economic practices and institutions. It differentiates between ceremonial” practices based on tradition and cultural values and instrumental” practices based on efficiency and problem-solving capabilities. This field, rooted in institutional economics, emphasizes the tension between preserving established social orders and fostering innovation. Scholars can gain insights into the broader implications of economic systems by understanding how ceremonial practices influence economic behavior and social cohesion. This pluralistic approach comprehensively analyzes how ceremonial and instrumental practices interact within various economic systems. The main goal of this study is to develop a detailed and all-encompassing framework for ceremonial economics. A key aspect of this will involve comparing ceremonial economics principles with institutional economics. Additionally, the study will delve into various aspects of ceremonial economics, specifically focusing on cultural and social aspects. Furthermore, the study conducts four examples to provide practical insights into the application of ceremonial economics.

Suggested Citation

  • Aras Yolusever, 2024. "Ceremonial Economics: A General Review," Istanbul Journal of Economics-Istanbul Iktisat Dergisi, Istanbul University, Faculty of Economics, vol. 74(2), pages 551-591, December.
    • Handle: RePEc:ist:journl:v:74:y:2024:i:2:p:551-591
    DOI: 10.26650/ISTJECON2024-1528805
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    References listed on IDEAS

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    3. G. Hodgson, 2007. "What Are Institutions?," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 8.
    4. Irwin, Douglas A, 1991. "Mercantilism as Strategic Trade Policy: The Anglo-Dutch Rivalry for the East India Trade," Journal of Political Economy, University of Chicago Press, vol. 99(6), pages 1296-1314, December.
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    6. Stern, Philip J., 2012. "The Company-State: Corporate Sovereignty and the Early Modern Foundations of the British Empire in India," OUP Catalogue, Oxford University Press, number 9780199930364.
    7. Anne Mayhew, 2010. "Clarence Ayres, technology, pragmatism and progress," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 34(1), pages 213-222, January.
    8. Danielle Guizzo, 2024. "Ceremonial Economics: A Social-Institutional Analysis of Universities, Disciplines, and Academic Positioning," Journal of Economic Issues, Taylor & Francis Journals, vol. 58(2), pages 397-423, April.
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