Culture and Economic Action

Edited by Laura E. Grube, Mercatus Center Dissertation Fellow, George Mason University and Visiting Instructor, Economics Department , Beloit College and Virgil Henry Storr, Senior Research Fellow and Director of Graduate Student Programs, Mercatus Center and Research Associate Professor of Economics, George Mason University, US

• Contents:1. Introduction Laura E. Grube and Virgil Henry StorrPART I THEORIZING THE RELATIONSHIP BETWEEN CULTURE AND ECONOMIC ACTIVITY2. Economists Should Study Culture Virgil Henry Storr3. The Discovery and Interpretation of Profit Opportunities: Culture and the Kirznerian EntrepreneurDon Lavoie4. The Determinants of Entrepreneurial Alertness and the Characteristics of Successful EntrepreneursVirgil Henry Storr and Arielle John 5. Markets as an Extension of CultureEmily Chamlee-Wright 6. Institutional Stickiness and the New Development EconomicsPeter J. Boettke, Christopher J. Coyne and Peter T. Leeson7. How does Culture Influence Economic Development? Don Lavoie and Emily Chamlee-Wright8. Context Matters: The Importance of Time and Place in Economic NarrativesVirgil Henry Storr9. A Critical Appraisal of the Concept of Cultural CapitalVirgil Henry Storr10. Culture as a ConstitutionArielle John11. Weber’s Spirit of Capitalism and the Bahamas’ Junkanoo EthicVirgil Henry StorrPART II UNDERSTANDING ECONOMIC LIFE BY USING CULTURE12. Pastor Response in Post-Katrina New Orleans: Navigating the Cultural Economic LandscapeEmily Chamlee-Wright13. National Cultures, Economic Action and the Homogeneity Problem. Insights from the Case of RomaniaPaul Dragos Aligica and Aura Matei14. Between Community and Society: Political Attitudes in Transition CountriesPetrik Runst15. Subalternity and Entrepreneurship. Tales of Marginalized but Enterprising Characters, Oppressive Settings and Haunting PlotsVirgil Henry Storr and Bridget Colon16. Indigenous African Institutions and Economic DevelopmentEmily Chamlee-Wright17. The Role of Culture in the Persistence of Traditional Leadership: Evidence from Kwa-Zulu Natal, South AfricaLaura E. Grube18. Network Closure, Group Identity and Attitudes toward MerchantsRyan Langrill and Virgil Henry Storr19. The Cultural and Political Economy of Drug ProhibitionKyle W. O’Donnell20. Cultural and Institutional Co-determination: the Case of Legitimacy in Exchange in Diablo IISolomon SteinIndex