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| Author: | Hutter, M. |
| Title: | The impact of culture economics on economic theory |
| Journal: | Journal of Cultural Economics
1997 : VOL. 20:4, p. 263-268 |
| Index terms: | BUSINESS CYCLES ECONOMIC THEORY SOCIAL ECONOMICS CULTURE |
| Language: | eng |
| Abstract: | This study investigates the impact of cultural economics on the development of economic theory and discusses production differentials between artistic and non-artisitic labor, variations of the public good concept particularly in relation to environmental goods, long-term rates of return on paintings, endogenous changes in preferences, impact of new media technologies and the autonomy of artistic valuation. These topics have relevance beyond their applications in the cultural field. The theoretical issues involved standard modelling prodecures and challenge standard assumptions in economic theory. |
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