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Do institutions and culture affect environmental values? In this article we analyze 1,041 environmental valuations of … 223 wetlands in 38 developing countries, to examine the effect of institutions and culture on environmental values. We … wetland valuations. Understanding these important and varying effects of institutions and culture on wetland valuations is …
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This study examines the critical interplay between institutional and cultural backgrounds and their collective impact on economic development, suggesting that their synchronized evolution-timing, pace, and direction-boosts economic development, while misalignment hinders it. It seeks to...
Persistent link: https://www.econbiz.de/10014635955
We argue that scholars in the Austrian tradition of economics should incorporate the notion of a collaborative innovation bloc into their study of spontaneous market order. We demonstrate how successful entrepreneurship depends on an innovation bloc of this kind, a system of innovation that...
Persistent link: https://www.econbiz.de/10011917098
We are grateful for the comments to our article, and for the opportunity to respond to them. In our original contribution, we argued that the application of the EOE perspective could help make Austrian economics more concrete, relevant and persuasive, especially regarding policy prescriptions....
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