Economic Ideas, Policy and National Culture: A Comparison of Three Market Economies

People from the same country tend to have similar worldviews, which form their national culture. This book explores the economic impacts of these shared cultural values in the USA, Germany, and France, focusing on labor market, financial system, competition policy, and monetary policy. It also examines how these views contribute to the well-being of the population.

Format: Paperback / softback
Length: 220 pages
Publication date: 31 May 2023
Publisher: Taylor & Francis Ltd

All human beings develop a certain perspective on the world, and individuals living in the same country often share similar worldviews. These shared perspectives form the essence of a country's national culture, which shapes the economic opinions of academic economists, policymakers, and the general public. Consequently, a consistent exposure to these viewpoints influences the economic policies and systems adopted in these countries. This book delves into the economic consequences of these shared cultural values, specifically focusing on the economies of the United States of America, Germany, and France. These three countries represent distinct economic organization types and ideologies: a free market economy, a coordinated market economy, and a hierarchical market economy. The contributors to this edited volume have analyzed the extent to which the shared worldviews among academic economists, policymakers, and the broader population impact these economies. The chapters explore the implications for labor market design, financial system structure, competition policy, and monetary policy. Furthermore, the book examines the role of shared cultural values and economic systems and policies in enhancing the well-being of the populations in these countries.

This book offers a significant contribution to the fields of comparative economics, economic policy, well-being, and cultural economics. It sheds light on the interplay between cultural values, economic systems, and policies, providing valuable insights for policymakers, scholars, and individuals interested in understanding the dynamics of global economies.

Weight: 430g
Dimension: 234 x 156 (mm)
ISBN-13: 9781032077307