Cultural Foundations of Economic Development: Urban Female Entrepreneurship in Ghana FROM THE PUBLISHER
One of the principal reasons why international aid programmes have often been unsuccessful is that imported solutions are not based upon the indigenous institutions in African countries. In IThe Cultural Foundations of Economic Theory, Emily Chamlee-Wright argues
that connections between these institutions and the cultural context which produces and sustains them has been misunderstood by mainstream economic theory which is fundamentally acultural. Instead Chalmlee-Wright argues, the economics of the Austrian School provide a far stronger
theoretical framework which can introduce cultural analysis into questions of economic development and other market processes. The author draws on extensive ethnographic field research as well as a challenging and original critique of mainstream neoclassical analysis in a detailed case
study of women in Ghana.
FROM THE CRITICS
Booknews
Contends that principle reasons for the failure of international aid programs are that imported solutions are not based upon the indigenous institutions in African countries and that the connections between such institutions and the cultural context that produces and sustains then has been misunderstood by mainstream economic theory, which is fundamentally acultural. Argues that the economics of the Austrian school provide a far stronger theoretical framework, which can introduce cultural analysis into questions of economic development and other market processes. Applies the approach to women entrepreneurs in Ghana. Annotation c. by Book News, Inc., Portland, Or.
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