Publisher description for The value of culture : on the relationship between economics and arts / edited by Arjo Klamer.
Bibliographic record and links to related information available from the Library of Congress catalog
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Culture manifests itself in everything human, including the ordinary business of everyday life. Culture and art have their own value, but economic values are also constrained. Art sponsorships and subsidies suggest a value that exceeds market price. So what is the real value of culture? Unlike the usual focus on formal problems, which has 'de-cultured' and 'de-moralized' the practice of economics, this book brings together economists, philosophers, historians, political scientists and artists to try to sort out the value of culture. This is a book not only for economists and social scientists, but also for anybody actively involved in the world of the arts and culture.
Library of Congress subject headings for this publication: Arts Economic aspects, Culture Economic aspects