The myth of the “Culture code” in economic research

Abstract

This paper is devoted to the critical analysis of today's mainstream approach to the in clusion of the factor of culture in economic research.National culture is treated in this framework as a reified entity measured by societal values and is persistently included as a "culture code" throughout different contexts.The paper presents evidence contra dicting this treatment, and an alternative methodology for economic analysis of cultural phenomena is suggested, namely that each mass cultural practice should be analyzed on a "case-by-case" basis, comparing stakeholders' costs and benefits.©2015 Non-profit partnership "Voprosy Ekonomiki".Hosting by Elsevier B.V.

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