Politics and CULTURAL economics


ANIL MITRA, © JULY 2015—June 2019





Items to be identified

A preliminary framework

Factors of equilibrium


Cultural and economic dimensions (elements of process)


CULTURAL economics


Review and elaborate this material.

Add comments to the boxes in the matrix below.


Items to be identified

  1. Major forces

The people; their divisions and groups

Culture; include knowledge, religion, media and press


Politics; government and its branches

  1. Fulcra
  2. Individual action

A preliminary framework

Issues of equilibrium, disequilibrium, ideology, information. Who rules?

Factors of equilibrium

Decision makers – followers

Production – consumption

Owners of means – labor and its kinds

Information sources – readers

Truth – diffusion – lie

Conserve – change / conservative – liberal

Society – nature

Power: central – diffuse / few – many

Rural – urban – primal


Equilibrium vs disequilibrium

Balance vs ideology

Rationalism vs rational thought, action, and values

“History”, i.e. its unpredictable vs predictable aspects

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.