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The impact of cultural economics on economic theory

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  • Michael Hutter

Abstract

The paper asks what kind of impact cultural economics has had on the development of economic theory. Six research areas are discussed: productivity differentials between artistic and non-artistic labor, variations of the public good concept, particularly in relation to environmental goods, endogenous changes in preferences, long-term rates of return on paintings, impact of new media technologies and the autonomy of artistic valuation. It is shown that these topics have relevance beyond their applications in the cultural field, and that the theoretical issues involved challenge standard assumptions and standard modelling procedures in economic theory. Copyright Kluwer Academic Publishers 1996

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  • Michael Hutter, 1996. "The impact of cultural economics on economic theory," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 20(4), pages 263-268, December.
    • Handle: RePEc:kap:jculte:v:20:y:1996:i:4:p:263-268
    DOI: 10.1007/s10824-005-3268-3
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    References listed on IDEAS

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    1. Baumol, William J, 1986. "Unnatural Value: Or Art Investment as Floating Crap Game," American Economic Review, American Economic Association, vol. 76(2), pages 10-14, May.
    2. Peacock, Alan T, 1969. "Welfare Economics and Public Subsidies to the Arts," The Manchester School of Economic & Social Studies, University of Manchester, vol. 37(4), pages 323-335, December.
    3. Michael Hutter & Ilde Rizzo (ed.), 1997. "Economic Perspectives on Cultural Heritage," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-25824-6, December.
    4. Throsby, David, 1994. "The Production and Consumption of the Arts: A View of Cultural Economics," Journal of Economic Literature, American Economic Association, vol. 32(1), pages 1-29, March.
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    Cited by:

    1. Agovino, Massimiliano & Crociata, Alessandro & Quaglione, Davide & Sacco, Pierluigi & Sarra, Alessandro, 2017. "Good Taste Tastes Good. Cultural Capital as a Determinant of Organic Food Purchase by Italian Consumers: Evidence and Policy Implications," Ecological Economics, Elsevier, vol. 141(C), pages 66-75.
    2. Bruno S. Frey & Andre Briviba, 2023. "Two types of cultural economics," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 70(1), pages 1-9, March.
    3. Tara McGrath & Renaud Legoux & Sylvain Sénécal, 2017. "Balancing the score: the financial impact of resource dependence on symphony orchestras," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 41(4), pages 421-439, November.
    4. Michael Getzner, 2002. "Determinants of Public Cultural Expenditures: An Exploratory Time Series Analysis for Austria," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 26(4), pages 287-306, November.
    5. Achten-Gozdowski, Jennifer, 2018. "Geschichte und Politökonomie deutscher Theatersubventionen [History and Political Economy of Public Subsidies for German Theatres and Operas]," MPRA Paper 85087, University Library of Munich, Germany.
    6. J. Ndeffo Fongue, 2002. "The Market For Works Of Art," South African Journal of Economics, Economic Society of South Africa, vol. 70(8), pages 1320-1343, December.
    7. Музычук, 2012. "Должно Ли Государство Финансировать Культуру? (Научный Доклад) [Should the state finance culture?]," Working papers a:pmu374:1, Institute of Economics.
    8. Quaglione, Davide & Crociata, Alessandro & Agovino, Massimiliano & Iaia, Lea, 2020. "Cultural capital and online purchase of tourism services," Annals of Tourism Research, Elsevier, vol. 80(C).
    9. Harrie Hansman & Clara Mulder & René Verhoeff, 1999. "The Adoption of the Compact Disk Player: An Event History Analysis for the Netherlands," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 23(3), pages 221-232, August.
    10. Quaglione, Davide & Cassetta, Ernesto & Crociata, Alessandro & Marra, Alessandro & Sarra, Alessandro, 2019. "An assessment of the role of cultural capital on sustainable mobility behaviours: Conceptual framework and empirical evidence," Socio-Economic Planning Sciences, Elsevier, vol. 66(C), pages 24-34.
    11. Crociata, Alessandro & Agovino, Massimiliano & Sacco, Pier Luigi, 2015. "Recycling waste: Does culture matter?," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 55(C), pages 40-47.
    12. Michael Getzner, 2020. "Spatially Disaggregated Cultural Consumption: Empirical Evidence of Cultural Sustainability from Austria," Sustainability, MDPI, vol. 12(23), pages 1-19, December.
    13. Quaglione, Davide & Cassetta, Ernesto & Crociata, Alessandro & Sarra, Alessandro, 2017. "Exploring additional determinants of energy-saving behaviour: The influence of individuals' participation in cultural activities," Energy Policy, Elsevier, vol. 108(C), pages 503-511.
    14. Aiqin Wang & Sijia Dang & Wenying Luo & Kangyuan Ji, 2021. "Cultural Consumption and Knowledge, Attitudes, and Practices Regarding Waste Separation Management in China," IJERPH, MDPI, vol. 19(1), pages 1-19, December.
    15. Silvia Cerisola & Elisa Panzera, 2022. "Cultural participation in Cultural and Creative Cities: Positive regional outcomes and potential congestion concerns," Papers in Regional Science, Wiley Blackwell, vol. 101(6), pages 1245-1261, December.

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