For an alternate standard usage of 'cultural economics', see Economics of the arts and literature.
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Cultural economics is the branch of economics that studies the relation of culture to economic outcomes. Here, 'culture' is defined by shared beliefs and preferences of respective groups. Programmatic issues include whether and how much culture matters as to economic outcomes and what its relation is to institutions.[1] As a growing field in behavioral economics, the role of culture in economic behavior is increasingly being demonstrated to cause significant differentials in decision-making and the management and valuation of assets.
^Press + button or ctrl + for small-font links below. • Luigi Guiso, Paola Sapienza, and Luigi Zingales, 2006. "Does Culture Affect Economic Outcomes?," Journal of Economic Perspectives, 20(2), pp. 23-48. • Mark Casson (2006). "Culture and Economic Performance," Handbook of the Economics of Art and Culture, V. 1, Chap. 12, pp. 359–97. doi:10.1016/S1574-0676(06)01012-Xdoi:10.1016/S1574-0676(06)01012-X • Paul Streeten (2006}. "Culture and Economic Development", V. 1 Chap. 13, pp. 399–412. doi:10.1016/S1574-0676(06)01013-1 • Jeanette D. Snowball, 2008. Measuring the Value of Culture, Springer. [https://www.springer.com/economics/microeconomics/book/978-3-540-74355-2 Description and Arrow-page searchable chapter links. • Joseph Henrich et al., 2005. "'Economic Man' in Cross-Cultural Perspective: Behavioral Experiments in 15 Small-scale Societies," Behavioral and Brain Sciences, 28(6), pp. 795–815. doi:10.1017/S0140525X05000142 • Samuel Bowles, 1998. "Endogenous Preferences: The Cultural Consequences of Markets and Other Economic Institutions," Journal of Economic Literature, 36(1), pp. 75–111. JSTOR 2564952 • Guido Tabellini, 2008. "Institutions and Culture," Journal of the European Economic Association, 6(2/3),2008), pp. 255–94. doi:10.1162/JEEA.2008.6.2-3.255 • Raquel Fernández, 2016. "Culture and Economics." The New Palgrave Dictionary of Economics, 2nd Edition.
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