During the nineteenth century political economists such as david ricardo and. David throsby has again met the challenge of making cultural economics accessible to nonspecialists while maintaining the interest of more specialised readers. An item of cultural capital is defined as an asset embodying cultural value. The paper considers usage of the term cultural capital in other discourses, notably sociology after bourdieu, and contrasts.
According to throsby 1999, entities such as buildings and locations generally. Cultural capital david throsby department of economics, macquarie university, sydney, nsw 2 j 09, australia abstract economists traditionally distinguish between three forms of capital. Average funds acquired by human, social, and cultural capital. David throsby illustrates this method in his essay cultural capital and. Gis as a tool to assess heritage risk scholarlycommons. Handbook of the economics of art and culture vol 1. Department of economics, macquarie university, sydney, nsw 2109, australia. In doing so throsby arbitrarily claims that cultural sustainability is a matter of. The definition of capital as goods which, when combined with other inputs. This paper proposes a fourth type of capital, cultural capital. Of particular concern is the role of traditional and new forms of cultural capital in differentiating patterns of cultural consumption and. Isbn 0 521 58406 x hardback 0 521 58639 9 paperback 1. The concept of sustainable development as defined in ecological terms can be. Other usages of the term cultural capital 48 parallels between cultural and natural capital 51 sustainability and cultural capital 52 conclusions 58.
Oudlaan 50, rotterdam, the netherlands with his new book, the economics of cultural policy 2010, david throsby promises to provide a comprehensive synopsis of all economic contributions to the analysis of cultural policy while extending the discussion beyond the usual questions, inviting noneconomists and specialists alike to join the. Economists traditionally distinguish between three forms of capital. The paper concludes with some suggestions for further theoretical and empirical research. The paper considers usage of the term cultural capital in other discourses, notably sociology after bourdieu, and contrasts these with the proposed usage in economics. David throsby is a prominent member of the group of economists dedicated to the. His summaries of the various theories and their application to cultural policy could not be bettered and demonstrate his thorough understanding of both. All content in this area was uploaded by david throsby on jul 02, 2014. From this point of view cultural capital is the stock of cultural value that.
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