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Cultural Considerations Within Austrian Economics

Cultural Considerations Within Austrian Economics - Elements in Austrian Economics

Paperback (09 Jul 2020)

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Publisher's Synopsis

Increasingly, economists realize that a deeper understanding of culture can improve their insights into the most important questions in economics. The Austrian school of political economy, which has always taken economics to be a science of meaning, and therefore, a science of culture, offers a unique approach to the study of culture in economic life. We consider three important differences between these Austrian and non-Austrian approaches: the Austrian focus on culture as meaning rather than culture as norms, beliefs, or attitudes; the Austrian emphasis on culture as an interpretative lens rather than as a tool or form of capital; and the Austrian insistence that cultural analysis be a qualitative exercise rather than a quantitative one. We also examine Geertz's description of culture, Gadamer's approach to hermeneutics, and Weber's interpretative sociology, demonstrating their connections to the Austrian approach and offering examples of what Austrian cultural economics can look like.

About the Publisher

Cambridge University Press

Cambridge University Press dates from 1534 and is part of the University of Cambridge. We further the University's mission by disseminating knowledge in the pursuit of education, learning and research at the highest international levels of excellence.

Book information

ISBN: 9781108708166
Publisher: Cambridge University Press
Imprint: Cambridge University Press
Pub date:
DEWEY: 330.157
DEWEY edition: 23
Language: English
Number of pages: 60
Weight: 110g
Height: 150mm
Width: 230mm
Spine width: 5mm