Culture defined – the market for values

Annie Tubadji ()

Chapter 1 in Culture Based Development, 2025, pp 9-34 from Edward Elgar Publishing

Abstract: Culture is defined as the amalgam of all attitudes. It emerges as an optimisation in the market for values. The trade-off between individual free-riding propensity and uncertainty avoidance shapes the optimal valuation of each trigger from reality on a scale from 0 to 100%. These optimisation points become equivalent to the willingness to pay (price) in the market for the good and derive the order of preferences. The chapter concludes by comparing the CBD definition of culture to alternative renderings.

Keywords: Culture; Market for Values; Attitudes; Religion; Institutions; Cultural Theory (search for similar items in EconPapers)
Date: 2025
ISBN: 9781035341092
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