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Two types of cultural economics

Author

Listed:
  • Bruno S. Frey

    (University of Basel
    CREMA, Center for Research in Economics, Management and the Arts)

  • Andre Briviba

    (CREMA, Center for Research in Economics, Management and the Arts
    University of Fribourg)

Abstract

Modern economics includes two fundamentally different fields, but identically labelled ‘Cultural Economics’. The first type deals with cultural institutions in a specific sector of the economy and society: the performing arts, visual arts, and other forms of cultural industry. The second type analyses how culture influences the economy in the form of shared beliefs, norms, and preferences. The two types of Cultural Economics largely disregard each other. This paper argues that their mutual existence should be acknowledged and possible relationships between the fields should be analysed. Future interconnected research opportunities are suggested.

Suggested Citation

  • 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.
    • Handle: RePEc:spr:inrvec:v:70:y:2023:i:1:d:10.1007_s12232-022-00410-7
    DOI: 10.1007/s12232-022-00410-7
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