In this article we survey recent advances in the economic theory of cultural transmission. We
highlight three main themes on which the literature has made great progress in the last 10 …

We obtain rich measurements of risk preferences for 2939 subjects across 30 countries, and
use the data to paint a picture of the distribution of risk preferences across the globe using …

This article discusses economic theories of entrepreneurship, drawing principally on work
conducted in labour economics, microeconomics, macroeconomics, and financial …

We study the cultural process through which a society inculcates an entrepreneurial spirit.
People work for a guaranteed wage or operate a firm whose risky return depends on …

This paper explores the link between culture and regional development in USA counties by
explicitly including an arts variable in an attitudes-driven culture-based development (CBD) …

Recent papers have modeled the prevalence of risk-tolerance as shaped by growth, making
testable predictions about the distribution of risk-tolerance across the globe. We test these …

We propose a general equilibrium model where culture and institutions coevolve with the
industrialization process. Institutions are defined as the balance of power between two …

The interaction between culture and economic behavior is certainly not a new subject on the
research agenda of economics. Classical economists wrote extensively on culture and so …

This study emphasises the interdependence between physical capital formation and the
cultural transmission of human capital-promoting attitudes and values. It demonstrates how …

Underinvestment in agriculture–a major cause of rural poverty–may be due to difficulties in
detecting 'contingency', defined as the influence one may exert on the outcome of a decision …