Cultural economics is the branch of economics

Economics

Economics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek from + , hence "rules of the house"...

 that studies the relation of culture

Culture

Culture is a term that has many different inter-related meanings. For example, in 1952, Alfred Kroeber and Clyde Kluckhohn compiled a list of 164 definitions of "culture" in Culture: A Critical Review of Concepts and Definitions...

 to economic outcomes. Here, 'culture' is defined by shared beliefs and preferences of respective groups. Programmatic issues include whether and how much culture matters as to economic outcomes and what its relation is to institution

Institutional economics

Institutional economics focuses on understanding the role of the evolutionary process and the role of institutions in shaping economic behaviour. Its original focus lay in Thorstein Veblen's instinct-oriented dichotomy between technology on the one side and the "ceremonial" sphere of society on the...

s.

Applications include the study of religion, social norms

Norm (sociology)

Social norms are the accepted behaviors within a society or group. This sociological and social psychological term has been defined as "the rules that a group uses for appropriate and inappropriate values, beliefs, attitudes and behaviors. These rules may be explicit or implicit...

. social identity, fertility

Total Fertility Rate

The total fertility rate of a population is the average number of children that would be born to a woman over her lifetime if she were to experience the exact current age-specific fertility rates through her lifetime, and she...

, ideology

Economic ideology

An economic ideology distinguishes itself from economic theory in being normative rather than just explanatory in its approach. It expresses a perspective on the way an economy should be run and to what end, whereas the aim of economic theories is to create accurate explanatory models...

, hatred, terrorism

Terrorism

Terrorism is the systematic use of terror, especially as a means of coercion. In the international community, however, terrorism has no universally agreed, legally binding, criminal law definition...

, trust, and the culture of economics. A general analytical theme is how ideas and behaviors are spread among individuals through the formation of social capital

Social capital

Social capital is a sociological concept, which refers to connections within and between social networks. The concept of social capital highlights the value of social relations and the role of cooperation and confidence to get collective or economic results. The term social capital is frequently...

, social network

Social network

A social network is a social structure made up of individuals called "nodes", which are tied by one or more specific types of interdependency, such as friendship, kinship, common interest, financial exchange, dislike, sexual relationships, or relationships of beliefs, knowledge or prestige.Social...

s and processes such as social learning

Social learning

Social learning may refer to:* Observational learning , learning that occurs as a function of observing, retaining and replicating behavior observed in ones environment or other people....

, as in the theory of social evolution

Social evolution

Social evolution is a subdiscipline of evolutionary biology that is concerned with social behaviors that have fitness consequences for individuals other than the actor...

  and information cascades.
Methods include case studies and theoretical and empirical

Empirical

The word empirical denotes information gained by means of observation or experimentation. Empirical data are data produced by an experiment or observation....

 modeling of cultural transmission within and across social groups.

See also

• Behavioral economics
• Cultural anthropology
  Cultural anthropology
  Cultural anthropology is a branch of anthropology focused on the study of cultural variation among humans, collecting data about the impact of global economic and political processes on local cultural realities. Anthropologists use a variety of methods, including participant observation,...
  
  
• Cultural policy
  Cultural policy
  Cultural Policy is the area of public policy-making that governs activities related to the arts and culture. Generally, this involves fostering processes, legal classifications and institutions which promote cultural diversity and accessibility, as well as enhancing and promulgating the artistic,...
  
  
• Economics of religion
• Economic anthropology
  Economic anthropology
  Economic anthropology is a scholarly field that attempts to explain human economic behavior using the tools of both economics and anthropology. It is practiced by anthropologists and has a complex relationship with economics...
  
  
• Economic sociology
  Economic sociology
  Economic sociology studies both the social effects and the social causes of various economic phenomena. The field can be broadly divided into a classical period and a contemporary one. The classical period was concerned particularly with modernity and its constituent aspects...
  
  
• Economics of the arts and literature
  Economics of the arts and literature
  Economics of the arts and literature or cultural economics is a branch of economics that studies the economics of creation, distribution, and the consumption of works of art and literature. For a long time the arts were confined to visual and performing arts in the Anglo-Saxon tradition...
  
  
• Evolutionary economics
  Evolutionary economics
  Evolutionary economics is part of mainstream economics as well as heterodox school of economic thought that is inspired by evolutionary biology...
  
  
• Economic imperialism (economics)
• Social economics

Journals

• Economic Development and Cultural Change
  Economic Development and Cultural Change
  Economic Development and Cultural Change is a peer-reviewed academic journal published by the University of Chicago Press. It covers all aspects of the economics of developing countries, including education reform, immigration, debt bondage, ethnicity, land redistribution, and economic development...
  
  
• Journal of Cultural Economics. Description, scope and links to volume contents.