Virgil Storr: Cultural Spirit Gives Rise to Economic Spirit

Dr. Virgil Storr argues that every market is animated by economic spirits that affect economic outcomes, and that these spirits are cultural phenomena, giving the example of St. Bernard's Parish's recovery following Hurricane Katrina in 2005.

On Friday, Dec 16th, 2013, the American Enterprise Institute hosted a panel: "Shaping Society: The Intersection of Economics and Culture." Dr. Virgil Storr argues that every market is animated by economic spirits that affect economic outcomes, and that these spirits are cultural phenomena, giving the example of St. Bernard's Parish's recovery following Hurricane Katrina in 2005.

Watch the full panel video at AEI.org