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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 ]
Economic anthropology is a field that attempts to explain human economic behavior in its widest historic, geographic and cultural scope. It is an amalgamation of economics and anthropology . It is practiced by anthropologists and has a complex relationship with the discipline of economics, of which it is highly critical. [ 1 ]
The Journal of Cultural Economics is a quarterly peer-reviewed academic journal covering research on the economics of the arts and literature. It was established in 1977 and is published by Springer Science+Business Media in cooperation with the Association for Cultural Economics International . [ 1 ]
Harris' method was to demonstrate how particular cultural practices (like the Hindu prohibition on harming cattle) served a materialistic function (such as preserving an essential source of fertilizer from being consumed). [7] Economic behavior has a cultural side which indicates that the works of anthropologists is relevant to economics.
Cultural globalization is the intensification and expansion of cultural flows across the globe. [2] Culture is a very broad concept and has many facets, but in the discussion on globalization, Steger means it to refer to “the symbolic construction, articulation, and dissemination of meaning.” Topics under this heading include discussion ...
Cultural retention is the act of retaining the culture of a specific ethnic group of people, especially when there is reason to believe that the culture, through inaction, may be lost. Many African-American, European and Asian organizations have cultural retention programs in place.
His book Economics and Culture (2001) has become a standard reference work in the field. In addition to the performing arts, Throsby's research and writing has covered the economic role of artists, the economics of public intervention in arts markets, cultural development, cultural policy, heritage issues, and sustainability of cultural processes.
Related to that point, Bouman also explained that "The ROSCA has several functions: insurance, socializing [ mutual assistance ], and economic. The former has been the basis of the ROSCA. Since the sixties, increased commercialization and monetization have put the emphasis on the economic function."