An anti-capitalist cultural bias, through directed within-family human capital transmission, adversely affects the supply of entrepreneurial talent and risk-taking. This limits economic progress if aggregate productivity is low. When productivity is high, economic incentives can overcome cultural inertia. Though the income level depends on culture, the growth rate in this case does not. JEL Cod...

Cultural organizations are categorized by cultural products (high or popular culture) and by organizational form (nonprofit or commercial). In sociology, these classifications are understood predominantly through a Bourdieusian lens, which links cultural consumption to habitus and a class-based struggle for distinction. However, people’s engagement with institutionalized cultural classification...

Social capital is currently one of social structure‘s most prominent and debated manifestations. However, we have a limited understanding of how social ties as the basis of social capital form in the first place. From one perspective social capital is viewed as: ―investment in social relations with expected returns in the marketplace‖ (Lin 2001, p. 19). A second perspective on social capital fo...