Advances in Economics and Business Vol. 7(1), pp. 39 - 54
DOI: 10.13189/aeb.2019.070105
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Culture in Economics


Shahzavar Karimzadi *
Hertfordshire Business School, University of Hertfordshire, United Kingdom

ABSTRACT

It is a self-evident fact that there cannot be a human society without culture. The necessity of culture to humans is imperative. Culture in its most basic sense fulfills and harnesses the obligations of communal cohabitation. Equally imperative is the fact that culture is not an ad hoc construction of any one individual. What is manifestly obvious is that culture is a reality. On this matter, we can draw a definite conclusion. Humans by their nature are social animals and therefore the survival of human beings, by necessity, will depend on living in groups. Leading a completely secluded life is not sustainable. From their very origin, people have lived in various forms of society. In turn, human society is a whole - composed of many interconnected parts. But what is the bond that joins the various parts into one united whole? In this paper, it will be argued that the biosphere of any society is culture. That is the all-inclusive common denominator and invisible glue that interlinks all the parts as the whole. From this perspective culture is dispensable and its function is more profound, organic and dynamic than perceived in economics. The paper examines how different schools of thought in economics view culture in light of the aforementioned standpoint.

KEYWORDS
Culture, Economy, Economic Process, Ontological Individualism, Neoclassical Economics, Historical School, Invisible Hand, Relations of Production and the Transitivity of Contingency

Cite this paper
Shahzavar Karimzadi . "Culture in Economics." Advances in Economics and Business 7.1 (2019) 39 - 54. doi: 10.13189/aeb.2019.070105.