FGV/EPGE debates culture and economy with professor from Paris School of Economics

FGV's Graduate School of Economics (EPGE) held, on August 27, the lecture Culture, Institutions and Economic Development: What do Economists have to Say on This? with the professor from Paris School of Economics, Thierry Verdier. The event discussed topics related to culture from the perspective of Economy professionals.   For Verdier, the importance of culture for economic development is represented by the accumulation of knowledge, social groups influence and the environment where the individual is.   Cultural transfer undoubtedly plays an important role in establishing many essential characteristics, social standards and ideological principles. It is the widespread evidence of ethnic and religious traits resilience along generations that motivates the majority of the theoretical and empirical literature on cultural transfer, said the professor.   During the lecture, the main contributions of the latest models of cultural transfer were also presented.   The debate took place at FGV's headquarters, in Rio de Janeiro, Brazil.