Liberty and the Intersection of Culture and Economics


This conference attempted to understand how purposeful human action takes the form that it does in relation to the functioning of market processes. What was the relationship of market rationality to purposes and institutions, or what sociologists and anthropologists have come to call “culture”?


From Liberty Fund

The Economic Point of View

by By Israel M. Kirzner
Edited and with an Introduction by Peter J. Boettke and Frédéric Sautet

The inaugural volume in Liberty Fund’s new Collected Works of Israel M. Kirzner series established Kirzner as a careful and meticulous scholar of economics. No other living economist is so closely associated with the Austrian School of economics as Israel M. Kirzner, Professor Emeritus of Economics at New York University.…

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Additional Readings

Platteau, Jean-Philippe and Robert Peccoud, eds. Culture, Institutions, and Development: New Insights into an Old Debate. New York: Routledge, 2011.

North, Douglass C., John Joseph Wallis, Steven B. Webb, and Barry R. Weingast. Limited Access Orders in the Developing World: A New Approach to the Problems of Development. The World Bank Policy Research Working Paper, no. 4359 (Washington DC, 2007), 1-48.

Beugelsdijk, Sjoerd and Robbert K. Maseland. Culture in Economics: History, Methodological Reflections, and Contemporary Applications. Cambridge, United Kingdom: Cambridge University Press, 2011.

Davis, John B. Individuals and Identity in Economics. New York: Cambridge University Press, 2011.

Denzau, Arthur and Douglass C. North. “Shared Mental Models: Ideologies and Institutions.” Kyklos 47, no. 1 (1994): 3-31.

Dux, Günter. Historico-genetic Theory of Culture: On the Processual Logic of Cultural Change. Bielefeld, Germany: Verlag für Kommunikation, Kultur und Sozial Praxis, 2011.

Hodgson, Geoffrey M. “What are Institutions?” Journal of Economic Issues 40, no. 1 (2006): 1-25.

Machlup, Fritz. Methodology of Economics and Other Social Sciences. New York: Academic Press, 1978.

North, Douglass C. Institutions, Institutional Change and Economic Performance. Cambridge: Cambridge University Press, 1990.

Redlich, Fritz. Essays in American Economic History. Ann Arbor: Edwards Brothers, Inc., 1944.

Spiethoff, Arthur (translated by Fritz Redlich). “The Historical Character of Economic Theories.” The Journal of Economic History 12, no. 2 (Spring 1952): 131-139.

Tabellini, Guido. “Institutions and Culture.” Journal of the European Economic Association 6, no. (2-3) (April-May 2008): 255-294.

Zweynert, Joachim. “Interests versus Culture in the Theory of Institutional Change?” Journal of Institutional Economics 5, no. 3 (2009): 339-360.