Culture and Economic Explanation

Economics in the US and Japan

Business & Finance, Economics, International
Cover of the book Culture and Economic Explanation by Donald W. Katzner, Taylor and Francis
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Donald W. Katzner ISBN: 9781135974831
Publisher: Taylor and Francis Publication: February 19, 2008
Imprint: Routledge Language: English
Author: Donald W. Katzner
ISBN: 9781135974831
Publisher: Taylor and Francis
Publication: February 19, 2008
Imprint: Routledge
Language: English

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.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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.

More books from Taylor and Francis

Cover of the book Handbook of Cultural Intelligence by Donald W. Katzner
Cover of the book A Practical Guide to Staff Development and Appraisal in Schools by Donald W. Katzner
Cover of the book Selves, Persons, Individuals by Donald W. Katzner
Cover of the book Media Moms & Digital Dads by Donald W. Katzner
Cover of the book Comparative Studies and Educational Decision by Donald W. Katzner
Cover of the book Coaching with Careers and AI in Mind by Donald W. Katzner
Cover of the book The WTO, Agriculture and Sustainable Development by Donald W. Katzner
Cover of the book Living With the Dragon by Donald W. Katzner
Cover of the book Strategic Management and Online Selling by Donald W. Katzner
Cover of the book The Englishwoman's Review of Social and Industrial Questions by Donald W. Katzner
Cover of the book Critical Genre Analysis by Donald W. Katzner
Cover of the book Financial Modelling and Asset Valuation with Excel by Donald W. Katzner
Cover of the book Nineteenth-Century British Music Studies by Donald W. Katzner
Cover of the book Environmental Security by Donald W. Katzner
Cover of the book Chinese Business in Southeast Asia by Donald W. Katzner
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy