Two types of cultural economics

Bruno Frey and Andre Briviba

International Review of Economics, 2023, vol. 70, issue 1, No 1, 9 pages

Abstract: Abstract Modern economics includes two fundamentally different fields, but identically labelled ‘Cultural Economics’. The first type deals with cultural institutions in a specific sector of the economy and society: the performing arts, visual arts, and other forms of cultural industry. The second type analyses how culture influences the economy in the form of shared beliefs, norms, and preferences. The two types of Cultural Economics largely disregard each other. This paper argues that their mutual existence should be acknowledged and possible relationships between the fields should be analysed. Future interconnected research opportunities are suggested.

Keywords: Cultural economics; Values; Norms; Performing arts; Cultural industry; A10; A13; Z10; Z13 (search for similar items in EconPapers)
Date: 2023
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DOI: 10.1007/s12232-022-00410-7

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