How does culture impact economic life? Is culture like a ball and chain that actors must lug around as they pursue their material interests? Or, is culture like a tool-kit from which entrepreneurs can draw resources to aid them in their efforts? Or, is being immersed in a culture like wearing a...

Chalmlee-Wright argues that international aid programmes have often been unsuccessful because they are imported.<BR> The economics of the Austrian School provide a far stronger theoretical framework which can introduce cultural analysis into questions of economic development and other market processes.<BR>

The Protestant ethic which, according to Weber, contributed to economic development in the West is only one of a variety of work ethics that can be identified and studied. In the Bahamas, for instance, a definite Junkanoo ethic colors economic life. Junkanoo is a semiannual carnival-like...