“This masterful collection illuminates many of the all-important interfaces between culture and economy. . . . These insights have never been more important.” —W. Lance Bennett, author of News: The Politics of Illusion The backlash against globalization and the rise of cultural anxiety has led to considerable rethinking among social scientists. This book provides multiple theoretical, historical, and methodological orientations to examine these issues. While addressing the rise of populism worldwide, the volume provides explanations that cover periods of both cultural turbulence and stability. Issues addressed include populism and cultural anxiety, class, religion, arts and cultural diversity, global environment norms, international trade, and soft power. The interdisciplinary scholarship from well-known contributors questions the oft-made assumption in political economy that holds culture “constant,” which in practice means marginalizing it in the explanation. The volume conceptualizes culture as a repertoire of values and alternatives. Locating human interests in underlying cultural values does not make political economy’s strategic or instrumental calculations of interests redundant: The instrumental logic follows a social context and a distribution of cultural values, while locating forms of decision-making that may not be rational.

This fascinating volume offers a critique of recent institutional and cultural turns in heterodox economics and political economy. Using seven case studies as examples, the authors explore how research on sense- and meaning-making can deepen critical s

Empirical analysis of how people's values and perceptions differ according to their socioeconomic and political systems.

This review of the literature dealing with management in business in selected countries, and how management is affected by the culture and values of that country attempts to establish a baseline and methodology for developing further empirical studies. The contributors are selected from professional economists and sociologists from the countries discussed. The first part of the work deals with definition of terms and theories that are to be used in the work. The second part of the work deals with individual representative countries in Europe and Latin America, and the third part of the work describes future work needed in the area.

Why have East Asian immigrants done so well in the United States in the face of adversity and discrimination? Why have the Chinese done so much better outside China than inside? Why have Japan, Taiwan, and Korea grown so rapidly and equitably in the second half of the twentieth century? What explains Spain's transformation into a high-growth democracy after centuries of poverty and authoritarianism? Why has Brazil's economy grown faster in this century than that of any other Latin American country? And what explains the paradox of America's blacks, two-thirds of whom have made it into the middle class mainstream, while the remaining one-third languishes in the poverty of the ghetto? According to Lawrence E. Harrison, the author of this myth-shattering but ultimately hopeful book, culture--values and attitudes--provides the key to unlocking these mysteries. Drawing on three decades of experience in Latin American economic and social development as well as extensive research elsewhere, Harrison shows how it is the cultural values of a people, with respect to work, education, austerity, excellence, family, and community, that largely explain why some succeed while others do not. Harrison argues that it is the erosion of these values that lies behind America's decline, evident, for example, in lagging competitiveness, declining real income for most workers, low savings rates, the persistent and growing budget deficit, and the savings and loan scandal, not to mention growing divisiveness within the society. Understanding how culture can facilitate--or impede--progress is crucial to a renaissance in the United States, just as it is to development in Third World countries mired inauthoritarianism, economic stagnation, and social inequality. Who Prospers? suggests measures to promote cultural change that nurtures progress, both at home and abroad.

Those who study value conflicts have resisted rational choice approaches in the social sciences, contending that political conflict over cultural values is best explained by group loyalties, symbolic motives, and other "nonrational" factors. However, Chong shows that a single model can explain how people make decisions across both social and economic realms. He argues that our preferences result from a combination of psychological dispositions, which are shaped by social influences and developed over the life span. Chong's book yields insights about the circumstances under which preferences, beliefs, values, norms and group identifications are formed. It offers a provocative explanation of how ingrained social norms and values can change over time despite the forces maintaining the status quo. "Going beyond the tired polemics on both sides, [Chong] constructs a new interpretation of human behavior in which culture and individual rationality both matter. The synthesis is a more comprehensive and powerful explanatory framework than either side could have produced, and Chong's creativity should influence subsequent interpretations of our social life in fundamental ways."—Christopher H. Achen, University of Michigan

Culture manifests itself in everything human, including the ordinary business of everyday life. Culture and art have their own value, but economic values are also constrained. Art sponsorships and subsidies suggest a value that exceeds market price. So what is the real value of culture? Unlike the usual focus on formal problems, which has 'de-cultured' and 'de-moralized' the practice of economics, this book brings together economists, philosophers, historians, political scientists and artists to try to sort out the value of culture. This is a book not only for economists and social scientists, but also for anybody actively involved in the world of the arts and culture.