Capital Mobility and Culture: Beyond Economic Rationality
Capital in Turkey isn’t just cash chasing returns, it moves through hometown ties, faith, and collective memory. Anatolian Tigers build firms on solidarity and “helal” legitimacy, while Marmara’s business elite lean on secular, global norms. From Polanyi’s embedded markets to North’s path-dependence, the essay shows how culture, trust, and social capital redirect investment, reshape profit, and redefine legitimacy in Turkey’s evolving economy.
