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On the Sustainability of Cultural Capital

  • David Throsby

    ()

    (Department of Economics, Macquarie University)

The 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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File URL: http://www.econ.mq.edu.au/research/2005/cult_cap_throsby.pdf
File Function: First Version, 2005
Download Restriction: no

Paper provided by Macquarie University, Department of Economics in its series Research Papers with number 0510.

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Length: 16 pages.
Date of creation: Jul 2005
Date of revision:
Handle: RePEc:mac:wpaper:0510
Contact details of provider: Postal: Sydney NSW 2109
Web page: http://www.econ.mq.edu.au/

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