On the economic valuation of cultural ecosystem services: A tale of myths, vine and wine

Laura Onofri and Vasco Boatto

Ecosystem Services, 2020, vol. 46, issue C

Abstract: The paper proposes a qualitative valuation method for cultural ecosystem services (CES) based on the analysis of myths, which are interpreted as returns generated by the interaction between natural and human capital (in time and space). Those returns become investments that add up, contribute to form, eventually become, and are accounted as cultural capital. The myths, therefore, are CES indicators (of the time and place where and when they were produced) and can be interpreted as measures of the CES flows. Moreover, some myths eventually survive and add up to a society present cultural capital that produces both cultural and economic value.

Keywords: Cultural ecosystem services; Vine; Wine; Natural capital; Cultural capital accumulation; Economic valuation (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecoser:v:46:y:2020:i:c:s2212041620301571

DOI: 10.1016/j.ecoser.2020.101215

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