On the Sustainability of Cultural Capital
AbstractThe concept of sustainable development as defined in ecological terms can be extended to apply to culture by recognising parallels between the concepts of natural and cultural capital. This paper reviews the definitions of both these forms of capital and shows how they contribute to sustainability. Criteria for weak and strong sustainability are considered, on the basis of which a strong sustainability rule for cultural capital is derived. It is speculated that certain cultural indicators may be useful in providing first approximations to variables that would need to be quantified in any eventual empirical application of this model.
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Bibliographic InfoPaper provided by Macquarie University, Department of Economics in its series Research Papers with number 0510.
Length: 16 pages.
Date of creation: Jul 2005
Date of revision:
Natural capital; cultural capital; sustainability; sustainable development;
Find related papers by JEL classification:
- Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
- Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics
- Z11 - Other Special Topics - - Cultural Economics - - - Economics of the Arts and Literature
This paper has been announced in the following NEP Reports:
- NEP-ALL-2006-03-05 (All new papers)
- NEP-CUL-2006-03-05 (Cultural Economics)
- NEP-ENV-2006-03-05 (Environmental Economics)
- NEP-SOC-2006-03-05 (Social Norms & Social Capital)
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