- New Thinking in Political Economy series
Edited by Laura E. Grube and Virgil Henry Storr
Chapter 8: Context matters: the importance of time and place in economic narratives
Abstract“Context matters: the importance of time and place in economic narratives” attempts to construct a cultural economics consistent with the interpretive social science of Weber, Mises and Hayek. Beginning with a description of the Weber–Austrian approach, the chapter moves very quickly to a discussion of why the study of culture is important to any attempt to understand economic phenomena and how we might bring the study of culture into our understanding of economics. As I conclude, ours is a science of meanings and thus a focus on culture must be at the fore of our analysis.
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