Trialogue on Built Heritage and Sustainable Development

Lawrence W.C. Lai, Stephen N.G. Davies and Frank T. Lorne
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Lawrence W.C. Lai: Department of Real Estate & Construction, University of Hong Kong, Pokfulam, Hong Kong
Stephen N.G. Davies: HKUrbanLab, Ronald Coase Centre for Property Rights Research, Hong Kong Institute for the Humanities and Social Sciences, University of Hong Kong; Pokfulam, Hong Kong
Frank T. Lorne: Department of Economics, New York Institute of Technology, Vancouver, NY V7Y 1K8, Canada

Sustainability, 2019, vol. 11, issue 14, 1-10

Abstract: This study represents a trialogue by a town planner, an economist, and a political scientist on the concepts of built heritage and sustainable development in terms of some features in the relationship between sustainable development and economics, sustainable development, built heritage conservation and economics, built heritage conservation and politics, built heritage conservation and sustainable development, and the tension between built heritage conservation vs. conservation/sustainable development. From planning, economic, and political angles, the feasibility and limitations of heritage building conservation in relation to conservation and sustainable development are presented. Compared to ecological conservation, built heritage conservation can easily accommodate sustainable development, as it is certainly a physical dimension for managing cultural heritage conservation. Built heritage as “heritage buildings” can articulate with real estate development via proper conservation planning. Its historical aspect signifies the legitimacy of conservation, while its proprietary aspect renders it fit for betterment.

Keywords: built heritage; heritage building; sustainable development; transaction cost; Veblen good; experience good (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

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