What Values Should Count in the Arts? The Tension between Economic Effects and Cultural Value
The basic distinction made in this volume compares �economic value�, expressed in monetary terms, to �cultural value�, reflecting cultural, aesthetic and artistic significance. This paper makes a different distinction which is rarely made explicit but which is of central importance to the decision process in cultural policy. On the one hand, �value� is attached to the economic effects of cultural activities: When cultural values are created, economic activity is bolstered. The increase of commercial actitivities induced is measured by the so-called �impact effect�. On the other hand, the value of culture is reflected in the increased utility going to consumers and non-consumers of a particular cultural activity. This type of value is measured by �willingness to pay studies�. I argue that these two values dominate cultural policy but they capture totally different aspects and are proferred by different kinds of communities.
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| Handle: | RePEc:zur:iewwpx:253 |
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