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Michael A Alexander's avatar

For those of us in the gene-culture co-evolution school, culture is a much broader thing. Economics and politics are subsets of culture. Economics, for example, is a combination of physical laws and cultural norms and institutions. It is *not* an external environment in which individuals and frim interact through market exchange, though that is a useful way to think about it. The reason, of course, is a true environment external to people is one that exists independently of people. Obviously if there are no people there is no economy, though the natural environment will continue to exist.

An example is explaining how it was that in the three decades after WW II, the economy grew more rapidly than it had in the three decades before the Depression or since 1980 for that matter. Some argue that there was less foreign competition because of war damage, which is not supported by import trends:

https://mikealexander.substack.com/p/why-the-postwar-prosperity-was-not#:~:text=postwar%20economic%20performance.-,Some%20argue,-that%20the%20post

Another hand-waving argument made is the loss of high-productivity manufacturing jobs. It is based on an assumption that wage and productivity should be correlated at the individual job level. On aggregate this is true, since it follows for physics, but for individual jobs the ratio is arbitrary, set by culture.

https://mikealexander.substack.com/p/why-the-postwar-prosperity-was-not#:~:text=the%201970%E2%80%99s-,Another%20excuse,-made%20for%20why

Manufacturing employment was large after WW II, but also in the decades before the Depression. Since the strong growth only occurring during one of these periods, manufacturing isn't the key factor.

https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6df6bce2-bfda-4ff6-ae38-894900db94ff_607x281.gif

Here I put the concept of economic culture in more concrete terms:

https://mikealexander.substack.com/p/how-economic-culture-evolves

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Bentham's Bulldog's avatar

Good piece!

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