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| Author: | Cheng, S-W. |
| Title: | Cultural goods creation, cultural capital formation, provision of cultural services and cultural atmosphere accumulation |
| Journal: | Journal of Cultural Economics
2006 : VOL. 30:4, p. 263-286 |
| Index terms: | arts culture service |
| Freeterms: | social capital |
| Language: | eng |
| Abstract: | Using cultural capital (hereafter as: c-cap.), e.g. cultural heritage, paintings, music scores, cultural services (as: c-servs.) are provided by the c-servs. industry, e.g. museums, opera houses etc. New cultural goods created by individuals enlarge the c-cap. In a laissez-faire economy, individuals tend to ignore the positive external effects of their c-servs. consumption and creation of cultural goods. Consequently, suboptimally little cultural atmosphere and c-cap. will be accumulated. |
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