CULTURAL economics


ANIL MITRA, © JULY 2015—October 2015




Cultural and economic dimensions (elements of process)


CULTURAL economics


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Cultural and economic dimensions (elements of process)

Although politics and economics may be different concepts, the ‘objects’ are highly interactive. The table below is an initial attempt to show some dimensions of the interaction. It includes but is not limited to factors emphasized by Marx and Schumpeter.


Radicals have some of the following: extremism / rigidity / revolutionary / distorting / manipulative politics / undue influence.

The moderate are, among other things, a base for trust and continuity though not essentially of conservatism.

The terms moderate and radical have pejorative and positive senses (depending on the value system employed) but neither is essentially negative.

Decision ®

Styles of decision making: central vs. distributed (and combinations) and responsive to change vs. utopic / totalitarian vs. learning about intrinsic time scales of need and capability.

The role of ethics in decision and choice: ethics as driven by value-emotion, channeled by cognition-mind, and coded in culture.

Left and radical left

Liberal moderate and centrist

Conservative moderate and centrist

Right and radical right


Power elite-Function: power, decision, control, information.

Military: enforcementPolitical: power-decision-control-influence-informationEconomic: wealth-production-influence.

Separation vs. integration of the secular and trans-secular.





Intellectual / white collar. Function: ideas and innovation.





Labor / blue collar. Function: manual work—labor and skill intensive.





Table 1 A model for politics and economics that includes but is not limited to factors of Marxian and Schumpeterian political economy.