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Arts economics analysis cultural policy

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Arts and Economics: Analysis and Cultural Policy

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Pages Frey, Professor Dr. Show next xx. Recommended for you. When it comes to the monitoring and evaluation of cultural policy, Throsby highlights that systematic methods of assessment combined with well-defined data sources will assist efficient decision making, especially when scarce financial resources have to be allocated to different areas of cultural interest.


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  8. To support this, he briefly introduces some applications of various market and non-market valuation methods. For example, in the realm of cultural industries, he discusses the measurement of their economic contributions in terms of gross value of production, value added, employment and the like.

    Looking at cultural heritage built, moveable and intangible , Throsby applies the concept of cultural capital to explain the relevance of heritage as an asset with important public-good benefits. Here, he suggests that cost-benefit analysis and other valuation methods, such as hedonic pricing and contingent valuation, can be useful to measure non-market values. In cases such as the creative arts, he acknowledges the difficulties of operationalizing cultural value and suggests decomposing it into various attributes and applying a judgment-based assessment by a group of experts.

    The analysis could have gone more deeply into the role of the experts, exploring power relations between them and other actors involved in assessing value and their impact on the evaluation process. The intensified importance of art and culture within the economic realm evolves into cultural policy discussions of urban and regional development, tourism, international economy, cultural diversity, economic development and intellectual property.

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    While investigating some specific features of each area, Throsby once again closely intertwines economic and cultural aspects in cultural policy analysis, emphasising the use of some concepts. In the areas of urban development and tourism, the author broadens the discussion of human, and cultural capital, sustainable development, and a liveable environment—concepts that advanced the economic analysis of the relevant cultural policy issues.

    In international trade of cultural goods, he focuses on the concept of cultural exception. The analysis of culture in economic development deals with the contributions of art and culture to the economy, impact studies, cultural diversity and sustainability in its three aspects—economic, ecological and cultural. Throsby addresses the economic basis for copyright, referring to the intellectual property characteristic of the cultural good. The analysis of copyright regulation and administration is based on financial issues which provide incentives to the creators and producers of the cultural goods.

    In this volume, Throsby identifies important aspects of cultural policy and argues that it can be enriched rather than debased by economic logic. He persuasively argues this by elaborating on various theories and their application to broader areas of cultural interest. While he introduces theoretical economic arguments in a seemingly balanced and comprehensive way, their practical applications could have been more convincing by supporting them with more varied illustrations from different cultures and countries.

    Throsby explains cultural policy systematically, comprehensively and, most importantly, through economic logic, a logic which, he seems to be saying, is—and will be—necessary to support the study and practices of contemporary cultural policy. Open Access This article is distributed under the terms of the Creative Commons Attribution Noncommercial License which permits any noncommercial use, distribution, and reproduction in any medium, provided the original author s and source are credited.