Culture has been a relatively understudied subject within economics. Economists who have studied it often conceive culture as a form of capital, treating it as a set of tools or a resource that certain groups possess and other groups do not. Austrian economics, in contrast, is a science of human behavior that is primarily concerned with making sense of meaningful human action. Because of this, Austrian economists are particularly well suited to inject cultural considerations into economic analysis. This edited volume, a collection of both theoretical essays and empirical studies, presents an...
Culture has been a relatively understudied subject within economics. Economists who have studied it often conceive culture as a form of capital, treat...