Culture and Economic Action
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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.
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Chapter 20: Cultural and institutional co-determination: the case of legitimacy in exchange in Diablo II

Solomon Stein

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20. Cultural and institutional co-­determination: the case of legitimacy in exchange in Diablo II Solomon Stein 20.1 INTRODUCTION When Austrian economists look at the role culture plays in economic action, it is primarily seen as operating in the...

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