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Culture, Imaginary, and Rationality in Regional Economic Development

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  • Richard Peet

    (Graduate School of Geography, Clark University, Worcester, MA 01610-1477, USA)

Abstract

This paper outlines some key terms in a cultural analysis of economic systems. During empirical research I have concluded that radical geography in the tradition of political economy must employ cultural terms such as symbol, imaginary, and rationality. These terms link the material, through experience and interpretation, to the mental—consciousness, intentionality, and rationality. I argue that culture understood as symbolic practice is compatible with historical materialism in the tradition of Gramsci, Thompson, and Williams. The paper applies cultural materialism to the explanation of economic rationalities and developmental logics by drawing on Weberian sociology. These ideas are exemplified by a brief account of the New England moral economy. The paper concludes by calling for a new type of critical inquiry called cultural economy.

Suggested Citation

  • Richard Peet, 2000. "Culture, Imaginary, and Rationality in Regional Economic Development," Environment and Planning A, , vol. 32(7), pages 1215-1234, July.
    • Handle: RePEc:sae:envira:v:32:y:2000:i:7:p:1215-1234
    DOI: 10.1068/a3250
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    References listed on IDEAS

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    1. Naomi R. Lamoreaux, 1994. "Insider Lending: Banks, Personal Connections, and Economic Development in Industrial New England," NBER Books, National Bureau of Economic Research, Inc, number lamo94-1.
    2. Shionoya,Yuichi, 1997. "Schumpeter and the Idea of Social Science," Cambridge Books, Cambridge University Press, number 9780521430340, October.
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    Cited by:

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    2. Carolyn Cartier, 2002. "Transnational Urbanism in the Reform-era Chinese City: Landscapes from Shenzhen," Urban Studies, Urban Studies Journal Limited, vol. 39(9), pages 1513-1532, August.

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