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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.

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  • 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, September.
    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. World Bank, 2007. "World Development Indicators 2007," World Bank Publications - Books, The World Bank Group, number 8150.
    6. Pryor,Frederic L., 2005. "Economic Systems of Foraging, Agricultural, and Industrial Societies," Cambridge Books, Cambridge University Press, number 9780521849043, September.
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    Cited by:

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    2. Tomáš Evan & Ilya Bolotov, . "Measuring Mancur Olson: What is the Influence of Culture, Institutions and Policies on Economic Development?," Prague Economic Papers, Prague University of Economics and Business, vol. 0.
    3. Kafka, Kyriaki I. & Kostis, Pantelis C., 2021. "Post-materialism and economic growth: Cultural backlash, 1981–2019," Journal of Comparative Economics, Elsevier, vol. 49(4), pages 901-917.
    4. 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.

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    Economic systems Values;

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