Handbook of Cultural Economics, Third Edition
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Handbook of Cultural Economics, Third Edition

Edited by Ruth Towse and Trilce Navarrete Hernández

Cultural economics has become well established as a subject of interest for students and teachers of courses ranging from economics to arts administration as well as for policy-makers and practitioners in the creative industries. Digitisation has had a tremendous impact on many areas of the creative economy and the third edition of this popular book fully reflects it.
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Chapter 35: International trade

Günther G. Schulze


Rational consumption addiction plays a role in international trade in cultural goods, though there is a cultural discount at work whereby people value goods from abroad less. There may be imbalance between trading nations, with one having built up cultural capital for the goods of another but the taste is not reciprocated, leading to hysteresis in international trade patterns. The patterns vary by the type of good, depending on the type of good and the extent of reproducibility. The chapter discusses trade patterns in a range of cultural goods.

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