On the Sustainability of Cultural Capital

David Throsby

No 510, Research Papers from Macquarie University, Department of Economics

Abstract: The concept of sustainable development as defined in ecological terms can be extended to apply to culture by recognising parallels between the concepts of natural and cultural capital. This paper reviews the definitions of both these forms of capital and shows how they contribute to sustainability. Criteria for weak and strong sustainability are considered, on the basis of which a strong sustainability rule for cultural capital is derived. It is speculated that certain cultural indicators may be useful in providing first approximations to variables that would need to be quantified in any eventual empirical application of this model.

Keywords: Natural capital; cultural capital; sustainability; sustainable development (search for similar items in EconPapers)
JEL-codes: Q01 Q57 Z11 (search for similar items in EconPapers)
Pages: 16 pages.
Date: 2005-07
New Economics Papers: this item is included in nep-cul, nep-env and nep-soc
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Persistent link: https://EconPapers.repec.org/RePEc:mac:wpaper:0510

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