In the 20 century there was an unbridgeable gap between the “right” and “left” schools of economics with respect to the determination of value of commodities. While Marxian scholars insisted, that human labour being the essence of value to have a good argument for demonstrating exploitation, mainstream economists in the West focused on marginal utility theory to keeping up their basic axiom of ...

Culture, Institutions and the Wealth of Nations We construct an endogenous growth model that includes a cultural variable along the dimension of individualism-collectivism. The model predicts that more individualism leads to more innovation because of the social rewards associated with innovation in an individualist culture. This cultural effect may offset the negative effects of bad institutio...

We construct an endogenous growth model that includes a cultural variable along the dimension of individualism-collectivism. The model predicts that more individualism leads to more innovation because of the social rewards associated with innovation in an individualist culture. This cultural effect may offset the negative effects of bad institutions on growth. Collectivism leads to efficiency g...

This article examines the relationship between Incremental-Entity personal conceptions of intelligence and the cultural dimension of Individualism-Collectivism in Italian students attending high school. Four types of individualism and collectivism were investigated: 1) Vertical-Individualism, characterized by independent and different self; 2) Horizontal-Individualism, characterized by independ...

What is more important: to provide citizens with more money or with more autonomy for their subjective well-being? In the current meta-analysis, the authors examined national levels of well-being on the basis of lack of psychological health, anxiety, and stress measures. Data are available for 63 countries, with a total sample of 420,599 individuals. Using a 3-level variance-known model, the au...

Do differences in individualism and collectivism influence values, self-concept content, relational assumptions, and cognitive style? On the one hand, the cross-national literature provides an impressively consistent picture of the predicted systematic differences; on the other hand, the nature of the evidence is inconclusive. Cross-national evidence is insufficient to argue for a causal proces...

Literature is a book that expresses the greatness of society. Ethics have been stated with intention instructing. In Naladiyar characteristics individual are explained in detail. It has advised to live public interest without selfishness. taught ethics elderly. Education necessary for man society by analyzing principles having patience actions and living maturity, depth friendship companionship...