ABSTRACT
The economy, just like the democratic polity, requires more than the institutional guarantees of the constitutional state. Economists have had much of value to say about business decision-making, about the efficiency conditions for the success of individual business enterprises, and about the material and institutional conditions that are conducive to economic prosperity, but rarely do they pay attention to the question of culture. Yet it may well be that it is attention to this more “spiritual” realm that will most help us to understand the workings of the economy.
