The Importance of Culture in Economic Thinking

Pete Becky says that economics is basically a lens to how to view the world and I building off of that culture provides kind of a shade on your lens. And it's not just about an economic transaction it does shape then like how you see the entire world around you. Cultural norms will shape even how you would see an entrepreneurial opportunity or a profit opportunity the ability to see it. It is like our ability to see things a certain way and culture shapes that in all aspects of our life.