David Throsby, Economics and Culture
Part 1: Introduction. Overview of the economics of arts an culture V. Ginsburgh, David Throsby. Part 2: History. Art and culture in the history of economic thought C. The history of art markets N.
View Scopus Profile. He is internationally known for his research and his many publications on the economics of art and culture.
Journal of Cultural Economics. Contingent valuation methods CVM are now well established as a means of measuring the nonmarket demand for cultural goods and services. When combined with valuations provided through market processes where relevant , an overall assessment of the economic value of cultural commodities can be obtained. Within a neoclassical framework, such assessments are thought to provide a complete picture of the value of cultural goods. But are there aspects of the value of cultural goods which are not fully captured, or not captured at all, within such a model? This paper argues that CVM provides an incomplete view of the nonmarket value of cultural goods, and that alternative measures need to be developed to provide a fuller account. Unable to display preview.