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A pragmatic view on values in economics

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  • Arjo Klamer

Abstract

A cultural economic perspective focuses on values as they affect behavior, the valuations in various spheres as well as the valorization, that is, the enhancement or the changing of values. The pragmatic view focuses on the way values function in everyday life and in particular on the deliberations in which they are formed and expressed. Values matter; the challenge is to render them susceptible to analysis in economic contexts. The illustrations are derived from the economics of the arts.

Suggested Citation

  • Arjo Klamer, 2001. "A pragmatic view on values in economics," Journal of Economic Methodology, Taylor & Francis Journals, vol. 10(2), pages 191-212.
  • Handle: RePEc:taf:jecmet:v:10:y:2001:i:2:p:191-212
    DOI: 10.1080/1350178032000071075
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    References listed on IDEAS

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    1. 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.
    2. Bruno S. Frey, 1997. "Not Just for the Money," Books, Edward Elgar Publishing, number 1183.
    3. Throsby,David, 2000. "Economics and Culture," Cambridge Books, Cambridge University Press, number 9780521586399.
    4. Lane,Robert E., 1991. "The Market Experience," Cambridge Books, Cambridge University Press, number 9780521407373, September.
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