Research Information System
ISTANBUL JOURNAL OF ECONOMICS, vol.74, pp.551-591, 2024 (ESCI)
Ceremonial economics explores how traditional values, myths, and rituals
intersect with economic practices and institutions. It differentiates
between “ceremonial” practices based on tradition and cultural values
and “instrumental” practices based on efficiency and problem-solving
capabilities. This field, rooted in institutional economics, emphasizes
the tension between preserving established social orders and fostering
innovation. Scholars can gain insights into the broader implications of
economic systems by understanding how ceremonial practices influence
economic behavior and social cohesion. This pluralistic approach
comprehensively analyzes how ceremonial and instrumental practices
interact within various economic systems. The main goal of this study is
to develop a detailed and all-encompassing framework for ceremonial
economics. A key aspect of this will involve comparing ceremonial
economics principles with institutional economics. Additionally, the
study will delve into various aspects of ceremonial economics,
specifically focusing on cultural and social aspects. Furthermore, the
study conducts four examples to provide practical insights into the
application of ceremonial economics.