CONTENTS
Preface = xi
Acknowledgements = xv
1 Introduction = 1
Definitional issues = 1
Some qualifications = 6
Is economics culture-free? The cultural context of economics = 7
Culture as economy : The economic context of culture = 10
Individualism and collectivism = 12
Outline of the book = 14
2 Theories of value = 19
Introduction : Why value? = 19
The theory of value in economics = 20
Economic valuation of cultural goods and services = 23
Cultural value = 26
Can economic value encompass cultural value? = 31
An application : the case of an art museum = 34
Conclusions = 41
3 Cultural capital and sustainability = 44
Introduction = 44
What is 'cultural capital'? = 45
Other usages of the term 'cultural capital' = 48
Parallels between cultural and natural capital = 51
Sustainability and cultural capital = 52
Conclusions = 58
4 Culture in economic development = 61
Introduction = 61
Culture in economic performance = 63
Culture in Third World development = 66
Culture, development and sustainability = 69
Conclusions = 71
5 Economic aspects of cultural heritage = 74
Introduction = 74
Definitional issues = 75
Heritage as cultural capital = 76
Cost-benefit analysis of heritage projects = 78
Economic evaluation methods = 80
Cost-benefit analysis and cultural value = 83
Sustainability in heritage management = 87
Policy issues = 88
Conclusions = 91
6 The economics of creativity = 93
Introduction = 93
Theories of creativity = 94
Creativity as a rational decision process = 95
Value in the work of creative artists = 103
Creativity as an irrational process = 104
Conclusions = 106
Appendix : a model of artistic production = 107
7 Cultural industries = 110
Introduction = 110
Definition of the cultural industries = 112
The creative arts as an industry = 114
Cultural industries in urban regeneration and regional growth = 124
Cultural industries in the economies of developing countries = 126
Cultural tourism = 128
Trade policy and the cultural exception = 130
Conclusions = 133
8 Cultural policy = 137
Introduction = 137
Culture and the state : the economics of cultural policy = 138
Culture and the state : the politics of cultural policy = 141
Economic and cultural value in policy formation = 148
Conclusions = 150
9 Conclusions = 153
The historical moment = 153
Economics and culture : what have we learned? = 158
Epilogue = 165
Bibliography = 168
Name index = 188
Subject index = 194
Preface = xi
Acknowledgements = xv
1 Introduction = 1
Definitional issues = 1
Some qualifications = 6
Is economics culture-free? The cultural context of economics = 7
Culture as economy : The economic context of culture = 10
Individualism and collectivism = 12
Outline of the book = 14
2 Theories of value = 19
Introduction : Why value? = 19
The theory of value in economics = 20
Economic valuation of cultural goods and services = 23
Cultural value = 26
Can economic value encompass cultural value? = 31
An application : the case of an art museum = 34
Conclusions = 41
3 Cultural capital and sustainability = 44
Introduction = 44
What is 'cultural capital'? = 45
Other usages of the term 'cultural capital' = 48
Parallels between cultural and natural capital = 51
Sustainability and cultural capital = 52
Conclusions = 58
4 Culture in economic development = 61
Introduction = 61
Culture in economic performance = 63
Culture in Third World development = 66
Culture, development and sustainability = 69
Conclusions = 71
5 Economic aspects of cultural heritage = 74
Introduction = 74
Definitional issues = 75
Heritage as cultural capital = 76
Cost-benefit analysis of heritage projects = 78
Economic evaluation methods = 80
Cost-benefit analysis and cultural value = 83
Sustainability in heritage management = 87
Policy issues = 88
Conclusions = 91
6 The economics of creativity = 93
Introduction = 93
Theories of creativity = 94
Creativity as a rational decision process = 95
Value in the work of creative artists = 103
Creativity as an irrational process = 104
Conclusions = 106
Appendix : a model of artistic production = 107
7 Cultural industries = 110
Introduction = 110
Definition of the cultural industries = 112
The creative arts as an industry = 114
Cultural industries in urban regeneration and regional growth = 124
Cultural industries in the economies of developing countries = 126
Cultural tourism = 128
Trade policy and the cultural exception = 130
Conclusions = 133
8 Cultural policy = 137
Introduction = 137
Culture and the state : the economics of cultural policy = 138
Culture and the state : the politics of cultural policy = 141
Economic and cultural value in policy formation = 148
Conclusions = 150
9 Conclusions = 153
The historical moment = 153
Economics and culture : what have we learned? = 158
Epilogue = 165
Bibliography = 168
Name index = 188
Subject index = 194