THE REVIVAL OF CULTURAL EXPLANATION IN ECONOMICS |
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| Authors: | E. L. Jones |
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| Affiliation: | Eric Jones is Emeritus Professor and Distinguished Fellow of the Institute of Advanced Study, La Trobe University, and Professorial Fellow of Melbourne Business School, University of Melbourne. He is author of The European Miracle;(Cambridge University Press, 3rd edn., 2003). |
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| Abstract: | Cultural explanations of economic change were largely dropped for a generation, as economists rejected their inconclusiveness and other social scientists labelled them as politically incorrect. Peter Bauer, however, expressed disquiet at the way deep influences like culture were being ignored in economic analysis. This paper discusses why high-profile attention has now turned back to culture. It does not find the expositions offered to be very persuasive but nevertheless agrees that Bauer's unease was understandable and describes other recent academic studies that are more promising. |
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