Cultural Political Economy

Cultural Political Economy explores how cultural factors—such as ideas, beliefs, and social practices—shape economic systems and policies, and vice versa. It recognizes that economics isn’t just about markets and money but is deeply connected to national identities, values, and cultural narratives. This approach studies how cultural influences influence economic decisions, government actions, and social outcomes, understanding that economic life is embedded within a broader cultural context. It helps explain why different societies develop distinct economic models and how cultural change can impact economic development.