This paper seeks to clarify the understanding of value in the cultural context, using economics concepts. We develop an economic framework for thinking about value in the cultural context and discuss how well various valuation techniques are able to account for such values.
We also discuss why actual outcomes for the production of cultural and heritage services may differ from what would be considered ‘optimal’ in the economic context.
The aim is to outline a framework which can assist policy makers in the cultural sector to intervene more cost effectively and be more conscious of trade-offs amongst different cultural values.
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Value and Culture : an economic framework (pdf copy)
Value and Culture An Economic Framework Aug 2013 pdf (D-0500475).PDF
Value and Culture : an economic framework (word copy)
Valuea and Culture An Economic Framework Final Aug 2013 word (D-0500474).DOCX
Value and Culture presentation slideshow (pdf copy)
Value and Culture slideshow Nov 2013 (D-0511013).PDF
Updated on 23rd July 2015