Rituals: An Economic Interpretation

Posted: 2 Nov 2010

See all articles by Christopher J. Coyne

Christopher J. Coyne

George Mason University - Department of Economics

Rachel L. Mathers

Delaware State University

Date Written: November 1, 2010

Abstract

This paper provides a rational choice analysis of rituals, defined as predictable and regular observances of acts or procedures, which have a symbolic element resulting in the inculcation or reinforcement of shared values and beliefs. The purpose is threefold. First, to make clear why rituals matter for economic and social outcomes. Second, to engage in interdisciplinary exchange by demonstrating how economics can be blended with insights from other social sciences. Third, to gain insight into why rituals exist and persist, as well as the process through which rituals change.

Keywords: Capabilities, Development, Identity, Rituals

JEL Classification: O17, O43, Z1

Suggested Citation

Coyne, Christopher J. and Mathers, Rachel L., Rituals: An Economic Interpretation (November 1, 2010). Journal of Economic Behavior and Organization, Forthcoming, Available at SSRN: https://ssrn.com/abstract=1701422

Christopher J. Coyne (Contact Author)

George Mason University - Department of Economics ( email )

4400 University Drive
Fairfax, VA 22030
United States

HOME PAGE: http://www.ccoyne.com/

Rachel L. Mathers

Delaware State University ( email )

Dover, DE 19901
United States

HOME PAGE: http://www.rachelmathers.com

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