There is a common view among many economists that one model is
capable of explaining a specific type of behaviour in all cultural
environments. It is only necessary to make appropriate adjustments
to bring the model in line with prevailing cultural conditions.
This book argues that such an approach can lead to error, in
particular to incorrect explanation and understanding of the
phenomenon in question, and therefore may result in inappropriate
policy recommendations.
Katzner s fascinating book compares the two cultures of Japan and
USA and provides insights into the economic workings and
differences between the two nations. He shows that an understanding
of the culture of a country is essential to the development of
appropriate models of economic behaviour of economic agents in that
country, and that the failure to understand cultural differences
weakens the predictive (and prescriptive) power of economic models.
The argument is made in a collection of essays supporting the
following: (a) Thought processes are heavily dependent on cultural
environments and (b) Because cultures vary widely from society to
society, to explain economic behaviour in one society may require a
model with a completely different structure from that in another.
The book applies this argument to elucidate certain features of
economic theorizing and to explain the so-called Japanese economic
miracle.
General
Imprint: |
Routledge
|
Country of origin: |
United Kingdom |
Series: |
Routledge Frontiers of Political Economy |
Release date: |
November 2009 |
First published: |
2008 |
Authors: |
Donald W. Katzner
|
Dimensions: |
234 x 156 x 11mm (L x W x T) |
Format: |
Paperback
|
Pages: |
186 |
ISBN-13: |
978-0-415-78005-6 |
Categories: |
Books >
Business & Economics >
Economics >
Development economics
|
LSN: |
0-415-78005-5 |
Barcode: |
9780415780056 |
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