The Arts, Economics and Valuation

Chapter

Abstract

All the terms central to this book, “the arts”, “culture”, “value” and even “economics” (or at least its scope) are contentious. This chapter outlines the current state of the definition of these terms and their relationships in cultural economics. It is argued that, in addition to the more usual quantitative valuation techniques, which are the focus of this book, a complete measure of value for arts and culture also requires a more qualitative social valuation, probably not based on neoclassical utility theory.

Keywords

Cultural Capital Public Support Contingent Valuation Private Good Rational Choice Theory 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
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