Cultural and Individual Value Correlates of Capitalism: A Comparative Analysis

Abstract

Click to increase image sizeClick to decrease image size Notes 1The varieties of capitalism literature calls these 'liberal market economies' vs. 'coordinated market economies.' a High scores indicate strategic coordination, low scores competitive coordination (scores from Hall and Gingerich (Citation2004: p. 14). 2For details of the conceptual derivation of these dimensions and the methods used to measure them, see Schwartz (Citation1999, Citation2004, Citation2006a). 3The reported p values are 1-tailed in the predicted direction. 4Showing humility toward superiors and demanding it of inferiors fosters smooth functioning in hierarchies. 5The Confucian and feudal heritage of Japan, may account for its high scores on Hierarchy, Embeddedness, and Mastery orientations and its low score on Egalitarianism, relative to other advanced capitalist countries. I do not report comparisons with available data from 76 cultures from all inhabited continents because effects of capitalism would be confounded with a multitude of other factors. Nonetheless, it is interesting to note that American culture is in the top quartile of all these cultures on Mastery and the bottom quartile on Harmony. a High scores indicate strategic coordination, low scores competitive coordination (scores from Hall and Gingerich (Citation2004: p. 14).