Culture and Economic Action
Show Less

Culture and Economic Action

Edited by Laura E. Grube and Virgil Henry Storr

This edited volume, a collection of both theoretical essays and empirical studies, presents an Austrian economics perspective on the role of culture in economic action. The authors illustrate that culture cannot be separated from economic action, but that it is in fact part of all decision-making.
Buy Book in Print
Show Summary Details
You do not have access to this content

Chapter 7: How does culture influence economic development?

Don Lavoie and Emily Chamlee-Wright


A culture is an aggregate of divergent and contradictory pictures, and each picture is true. (Hidetoshi Kato, cited in Kotkin 1992: p. 10) Agrarian reform, economic reform, financial reform, constitutional reform? Certainly Brazil needs reforms and achievements of all kinds—railways and highways, hydroelectric energy . . . but what is really needed is a reform within the Brazilian mind. Don’t have any illusions: without a reform within the mind . . . that makes us shape within ourselves, not only intellectually but . . . above all emotionally, a radical shift of concepts and attitudes about life, Brazil, and the universe . . . we shall continue to be what we are: a country that progresses but does not ennoble itself, a country without a message for the world, a disorganized collectivity that lacks moral initiative and public spirit . . . that permanently awaits miracle workers or caudillos to solve the problems that only spiritually, morally, and organically integrated communities can really resolve. (Clodomir Vianna Moog, Bandeirantes e Pioneiros, 1964: p. 198, cited in Harrison 1992: p. 50)

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.

Further information

or login to access all content.