The Economics of Business Culture: Game Theory, Transaction Costs, and Economic Performance

In this book the author analyzes the economic effects of culture. By culture he means social values such as honesty, dedication, and loyalty. He argues that the gains from technology in modern societies can be offset by high cost stemming from the missing moral dimension and that this has implications both for economic competitiveness and for social and economic institutions such as families and trade unions. The work is intended for economists interested in game theory applications, agency theory, transition costs, information economics, social economics, and comparative economic performance, as well as sociologists interested in corporate culture.