Teaching Cultural Economics
Show Less

Teaching Cultural Economics

Edited by Trine Bille, Anna Mignosa and Ruth Towse

Teaching Cultural Economics is the first book of its kind to offer inspiration and guidance for teaching cultural economics through short chapters, a wide scope of knowledge and teaching cases by experienced teachers who are expert in the topic.
Buy Book in Print
Show Summary Details
You do not have access to this content

Chapter 8: Cultural value and economic value in arts and culture1

Patrycja Kaszynska

Abstract

Can economic value express the ‘total’ value of cultural goods or does cultural value somehow elude economic valuation methods? Some prominent cultural economists – such as Throsby, Hutter and Frey – have questioned whether cultural value can be ‘translated’ into economic values using the methods of contingent valuation. The claim is that cultural value cannot be disaggregated into individual utilities, and by extension, broken down into individual preferences and choices. Rather, it captures something ‘irreducibly social’ that cannot be accounted for using economic valuation techniques. We are left with value pluralism where cultural and economic values are not mutually exchangeable. As the current chapter suggests, this might have consequences for how we think about the value of arts and culture and how we communicate this value to policy makers and the public at large.

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.


Further information

or login to access all content.