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Advances in the Economic Theory of Cultural Transmission

Author

Listed:
  • Alberto Bisin

    (Department of Economics, New York University, New York, NY, USA)

  • Thierry Verdier

    (Paris School of Economics, Paris, France)

Abstract

In this article we survey recent advances in the economic theory of cultural transmission. We highlight three main themes on which the literature has made great progress in the last 10 years: the domain of traits subject to cultural transmission; the microfoundations for the technology of transmission; and feedback effects between culture, institutions, and various socioeconomic environments. We conclude by suggesting interesting areas for future research.

Suggested Citation

  • Alberto Bisin & Thierry Verdier, 2023. "Advances in the Economic Theory of Cultural Transmission," Annual Review of Economics, Annual Reviews, vol. 15(1), pages 63-89, September.
    • Handle: RePEc:anr:reveco:v:15:y:2023:p:63-89
    DOI: 10.1146/annurev-economics-090622-100258
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    Cited by:

    1. Yoshioka, Hidekazu, 2024. "An escort replicator dynamic with a continuous action space and its application to resource management," Chaos, Solitons & Fractals, Elsevier, vol. 185(C).

    More about this item

    Keywords

    cultural transmission; evolution of institutions;

    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State
    • P48 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Legal Institutions; Property Rights; Natural Resources; Energy; Environment; Regional Studies

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