Cultural values in the formation of economic relations

Abstract views: 149 / PDF downloads: 133




culture, economic culture, economy, institution, values


The paper identifies the role of culture in the organization of human economic activity, clarifies the cultural context of the relationship between the concepts of ensuring the existence and economics, the study the mechanism and tools of the regulatory influence of culture on the process of organizing human economic activity during the evolution of historical forms of development. The methodology of the study is dialectical, logical-historical, comparative economics, institutional, and complementary methods. The scientific novelty of the work deals with broadening the perceptions of the culture’s effects on the evolution of management forms. Results. The formation of the model of glamorous capitalism reflects the growth of the role and significance of the cultural values in the course of the formation, development, and heterogenization of modern forms of economic and post-economic relations.


Batalle, G. (1949). La Part Maudite. Paris: Les Editions de Minuit. New York: Zone Books. 197 p.

Benedict, R. (2006). The Chrysanthemum and the Sword. Boston: Mariner Books. 336 p.

Creanza,N., Kolodny,O., Feldman, M.W. (2017). Cultural evolutionary theory: How culture evolves and why it matters. PNAS.July 25. vol. 114. no. 30 URL:

Guiso, L., Sapienza, P., and Zingales, L. (2006). Does Culture Affect Economic Outcomes? Journal of Economic Perspectives, Volume 20, Number 2, Spring: 23–48.

Ivanov, L. (2011). Glamorous capitalism: the logic of the "super-new" economy // Questions of Economics. No. 7. P. 44–61.

Inglehart, R., Welzel K. (2011). Modernization, cultural change, and democracy. Moscow: New publishing house, 464.

Lypov, V. (2014). Institutional Complementarity and Heterogenization of Civilizational Models of Economic Development. Formation of the Market Economy. No. 31.1. 125 – 135.

Lypov, V. (2011). Institutional complementarity of socio-economic systems. - Kharkiv: Publishing House of KhNU is named after V. N. Karazin. 484 p.

Nisbett, R. (2003). The geography of thought: how Asians and westerners think differently ... . and why. New York, THE FREE PRESS. 275 p.

Nosova O. (2020a). Perspectives System Transformation and Development Issues.” Actual Problems of International Relations. Vol. 1. No 143.

Nosova O. (2020b). Transformation Shifts in Economy: Basic Approaches. Eurasian Journal Journal of Higher Education. Volume 1. Number 1.

Polanyi, K. (1944). 1886-1964. The great transformation: the political and economic origins of our time. New York: Farrar & Rinehart. - 357.

Polanyi,, K. (2006). The economy as an institutionalized process // "The Great Transformation" by Carl Polanyi: past, present, and future. Moscow: HSE Publishing House. 55–91.

Sorokin, P. (2000). Social and cultural dynamics. St. Petersburg: IRHGI. 105 p.

Zarubina, N. (1998). Socio-cultural foundations of economy and entrepreneurship. Moscow: Master. 360 p.

Zombart, V. Bourgeois: to the history of the spiritual development of modern economic man // Sombart V. Sobr. op. in 3 volumes. T. 1. St. Petersburg: Vladimir Dal, 2005. 23–477




How to Cite

Nosova, O., & Lypov, V. (2022). Cultural values in the formation of economic relations. London Journal of Social Sciences, (4), 20–33.