Economics and Culture
In an increasingly globalised world, economic and cultural imperatives can be seen as two of the most powerful forces shaping human behaviour. This book considers the relationship between economics and culture both as areas of intellectual discourse, and as systems of societal organisation. Adopting a broad definition of culture, it explores the economic dimensions of culture, and the cultural context of economics. The book is built on a foundation of value theory, developing the twin notions of economic and cultural value as underlying principles for integrating the two fields. Ideas of cultural capital and sustainability are discussed, especially as means of analysing the particular problems of cultural heritage, drawing parallels with the treatment of natural capital in ecological economics. The book goes on to discuss the economics of creativity in the production of cultural goods and services; culture in economic development; the cultural industries; and cultural policy.
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analysis applied art museum artworks assessment assets behaviour benefits chapter characteristics commodities components concept of cultural consider consideration constraint consumers consumption contemporary context contribute cost-benefit analysis countries creative artists criteria cultural capital cultural economics cultural heritage cultural industries cultural policy cultural value cultural worth decision defined definition of culture demand discussion economic and cultural economic development economic performance economic value economists effects equity evaluation example existence further globalisation heritage projects human capital ideas identify important income individual influence intergenerational intergenerational equity interpretation issues judgement maximisation means measure natural capital neoclassical economics objective function organisation outcomes output paradigm phenomena precautionary principle principle proposition put forward recognised referred relationship role of culture sector seen sense significant social social capital society specific suggested sustainability term cultural Throsby tion tourism trade UNESCO urban valuation variables WCCD World Bank