This chapter argues that parenting choices are a central force in the joint evolution of culture and economic outcomes. We present a framework in which parents-motivated by both their children’s future success and their own normative beliefs-choose parenting styles and transmit cultural traits...

Amidst Russia's war of aggression against Ukraine, the European Union has stood strong in solidarity, offering vital assistance to Ukraine's cultural and creative sectors. This publication highlights EU initiatives and collaborations that aid in mitigating the conflict's impact on culture. From...

Amidst Russia's war of aggression against Ukraine, the European Union has stood strong in solidarity, offering vital assistance to Ukraine's cultural and creative sectors. This publication highlights EU initiatives and collaborations that aid in mitigating the conflict's impact on culture. From...

Culture itself forms society's identity, social values, and formal and informal social relations. This strengthens social capital, which is based on community, citizenship, volunteerism, and social values. These aspects promote effective democratic governance, and thereby ensure economic growth...

The "economic" naturally meets the "cultural" because both spheres deal, differently albeit convergingly, with "values" and "valuations". Materially crafted and spiritually charged, tactile/tangible and ineffable/intangible, privately owned and collectively enjoyed, nourished currently and...

Art history may be at a turning point in the adoption of a quantitative approach typical of social sciences, and this book is a brilliant manifesto for this. It will be a fascinating reading for economic historians and cultural economists, and will hopefully foster interdisciplinary research,...

A vast literature in economics has focused on the role of culture in financial development and growth. Here, I review works which have adopted a cultural perspective to the study of family businesses. While family firms are ubiquitous, their prevalence displays wide spatial differences. Also,...

In strictly economic terms, economic development is the process whereby the real per capita income of the country increases over a long period of time subject to stipulations that the people below an absolute poverty line does not increase, and that the distribution of income does not become...

This paper aims to evaluate the culture and arts of Kyoto Prefecture through the calculation of its cultural GDP in 2015. The method for calculating the cultural GDP in Japan is mainly based on the criterion of the UNESCO Culture Satellite Account (CSA). Results reveal that the ratio of the...

Vesalius wrote nothing about the aesthetics of the anatomical illustrations found in his De humani corporis fabrica (1543). There are, however, two passages in this work that offer a starting point for an investigation into the illustration’s idealised style. In discussing the body that is...

In this chapter we survey recent advances in modeling cultural transmission in the economics literature. We first present the basic canonical model of the evolution of cultural traits in the social sciences. Both Economics and Evolutionary anthropology build on this canonical model but their...

Culture shapes how policies are made and how people react to them. This chapter explores how culture and development policy affect each other. First, we provide evidence that cultural mismatch -- specifically a mismatch between project manager background and the location of project...

This chapter argues that parenting choices are a central force in the joint evolution of culture and economic outcomes. We present a framework in which parents-motivated by both their children's future success and their own normative beliefs-choose parenting styles and transmit cultural traits...

This paper analyzes 630,000 paintings from 1400 onward to uncover how visual art reflects its socioeconomic context. We develop a learning algorithm to predict nine basic emotions conveyed in each painting and isolate a context effect--the emotional signal shared across artworks created in the...

This chapter reviews the literature on the relationship between culture and political preferences. We distinguish conceptually between the direct cultural transmission of political ideology and the transmission of more primitive preferences and beliefs that influence preferences over policies,...

This chapter investigates whether cultural imperialism exists, examining it in the context of Turkish popular entertainment culture. After giving some historical information about discussions between two main ideological intellectual groups in Turkey, left and right, regarding the existence and...

Introduction -- Chapter 1. Russian Empire / Russia Jerome Dumetz & Konstantin Krotov -- Chapter 2. Ottoman Empire / Turkey Emin Akcaoglu -- Chapter 3. United Kingdom Jakub Wondreys -- Chapter 4. France Jerome Dumetz- Chapter 5. Germany Rainer Wehner -- Chapter 6. Austro-Hungarian Empire Hannes...

"For entrepreneurs in the creative fields, decision making is both a necessity and an art. Applying creativity to strategic decisions requires skills developed over time. This textbook provides arts entrepreneurship students a series of case studies centering on decision-making models applicable...

Purpose - the purpose of the article is to identify factors of cultural economics and examine their impact on countries' competitiveness. Research methodology - in this study, the following factors have been determined to affect the competitiveness of the European Union countries: cultural...

Most existing literature has ignored the potential effects that color intensity may have on art prices (bearing a few recent exceptions). We examine 1,627 paintings executed by the “Big five” Latin American artists (Rivera, Tamayo, Lam, Matta, and Botero) and sold at Sotheby’s and...

Since the growth of the art market into a capitalized global art industry, public and academic discourse on art auctions has been dominated by record prices. Despite the financial potential of art auctions as well as the public and academic interest in art, understanding of auction prices is...

If a hypothetical investor diversifies her portfolio by investing in an index based upon the contemporary art market, has she invested in an efficient market or not? I investigate the presence of time series momentum in the market of contemporary living artists by considering a different...