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Summer 2021

ISSN 0890-913X

Volume 36, Number 2

Categories: Summer 2021 | Economic freedom

The Soft Stuff of Institutional Development: Culture, Cohesion, and Economic Freedom

Ryan H. Murphy, Southern Methodist University

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TheJournalofPrivateEnterprise36(2),2021,37–66TheSoftStuffofInstitutionalDevelopment:Culture,Cohesion,andEconomicFreedomRyanH.MurphySouthernMethodistUniversity______________________________________________________AbstractWhataretheeffectsofcultureoneconomicinstitutions?Manyseeanessentialroleforcultureininstitutionaldevelopment,arolethatmaybenegativeorpositive.Thispapersystematicallyconsiderstheeffectoftwelvedimensionsofcultureoneconomicfreedom.Noclearpatternemergesamongthevariousdimensionsofculture;adjacentdimensionsofcultureareshowntocorrelatequitedifferentlywitheconomicfreedom.Thisanalysisispartlyframedintermsofthedebateontherelationshipbetweenmigration,culture,andinstitutions,andcastsdoubtsonpositionsthatthesevariablesareastightlyorasconsistentlyrelatedastheyareattimesportrayed.______________________________________________________JELCodes:O43,F22,Z13,D02Keywords:economicfreedom,culture,socialcapital,socialtrust,deeproots,migrationI.IntroductionCultureandinstitutionsprovideessentialsupportforthesuperstructureofthemodernworld.Intuitively,theyaresofundamentallyconnectedthat,fromsomeperspectives,evendrawingadistinctionbetweenthemmaybetocreateadistinctionwithoutadifference(Levy2015,pp.45–46).Butoneneednottakethatidiosyncraticpositiontorecognizethatinstitutionsreflectthepeopletheygovern.Acollectivistculturemayagitateformoreilliberaleconomicandpoliticalinstitutions,andonthemargin,thevotemaximizingpoliticianandtheautocratwishingtokeeptheirpositions(McGuireandOlson1996)willfacilitatecoherencebetweeninstitutionsandculturalpreferencestolegitimizethepolity.Socialcapital,socialcohesiveness,andotherculturalvariablesinevitablyimpactinstitutionsinsomeway,althoughtherelationshipsbetweenthemwillnotnecessarilybestraightforwardormonotonic.

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Title	The Soft Stuff of Institutional Development: Culture, Cohesion, and Economic Freedom
Authors/Creators:	Ryan H. Murphy, Southern Methodist University
Year:	2021
Volume:	36
Number:	2
Pages:	37 - 66
Publisher:	The Association of Private Enterprise Education
ISSN:	0890-913X
Document Type:	Articles
Keywords:	economic freedom, culture, social capital, social trust, deep roots, migration

Citation:
Murphy, Ryan H. / 2021. "The Soft Stuff of Institutional Development: Culture, Cohesion, and Economic Freedom." The Journal of Private Enterprise, 36(2): 37-66.