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Unintended Consequences Impact of Factor Endowments, Culture and Politics on Long-run Economic Performance by Deepak Lal
  

Unintended Consequences Impact of Factor Endowments, Culture and Politics on Long-run Economic Performance

Part of the Ohlin Lectures Series

Synopsis

Unintended Consequences Impact of Factor Endowments, Culture and Politics on Long-run Economic Performance by Deepak Lal

In this book, based on the 1995 Ohlin Lectures, Deepak Lal provides an interdisciplinary account of the role of culture in shaping economic performance. Topics addressed include a possible future clash of civilizations , the role of Asian values in the East Asian economic miracle, the cultural versus economic causes of social decay in the West, and whether modernization leads to Westernization. Lal makes an important disctinction between material and cosmological beliefs, showing how both were initially shaped by factor endowments and how they have evolved in response to changing historical pressures in different civilizations. Lal's first major theme is the interaction of factor endowments, culture, and politics in explaining modern intensive growth in the West. The other major theme is the role of individualism - an inadvertent legacy of the medieval Catholic Church - in promoting this growth, and the strange metamorphoses this has caused in both the West's cosmological beliefs and the interaction between the West and the rest . Lal takes account of the relevant literature in history, anthropology, social psychology, evolutionary biology, neurology, and sociology, and the economic history of the regions and cultures that form Eurasia. An appendix shows how the stories Lal tells can be described by four formal economic models.

About the Author

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Book Info

Publication date

6th November 1998

Author

Deepak Lal

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Publisher

MIT Press an imprint of MIT Press Ltd

Format

Hardback
297 pages

Categories

Economic theory & philosophy
Political economy
Cultural studies

ISBN

9780262122108

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