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. Mandeville and Galiani observed that the prices of art works were determined almost entirely on the demand side of the market …Attention to art and culture goes far back in the history of economic thought. In the seventeenth century those … art markets. Hume and Turgot perceived positive social benefits emerging from the arts, and they attempted to understand …
Persistent link: https://www.econbiz.de/10014023827
Museums fulfill many important functions in the art world and visits to museums are becoming an important leisure and …
Persistent link: https://www.econbiz.de/10014023800
. In the no-policy market economy, individuals tend to ignore the positive external effects of their cultural services …
Persistent link: https://www.econbiz.de/10010263288
At the turn of the century, the role of culture in society is changing. One facet of this change is the relation between culture and finance. Globalisation has led to an increasing competition between financial centres worldwide and culture has become one determinant of competitiveness. But,...
Persistent link: https://www.econbiz.de/10010295611
The contribution to the social theory of consumption of the late Pierre Bourdieu has been widely recognized, but not fully absorbed by the economics discipline. To address this lacuna, an agent-based model of Bourdieu's social theory is developed by extending Axelrod's cultural diffusion model....
Persistent link: https://www.econbiz.de/10010288730
Culture shapes economic action and, as such, impacts economic life. Although there is a growing recognition amongst economists that culture matters, there is nothing approaching a universal agreement on how to incorporate culture into economic analysis. We provide a brief summary of how...
Persistent link: https://www.econbiz.de/10012999044
New technologies affect cultural consumption in several ways. Technological change lowers the cost of cultural consumption, inducing substitution and/or increasing demand, in both cases increasing consumer welfare. Technological change can also impact dynamically, inducing increased variety...
Persistent link: https://www.econbiz.de/10014025405
household production and less participation in the labor market of women, young adult, and elderly. They are correlated with … lower interest and participation in political activities and prefer labor market regulation and welfare systems based upon … the family rather than the market or the government. Strong family ties may interfere with activities leading to faster …
Persistent link: https://www.econbiz.de/10014025607
This paper presents a survey of the theoretical and empirical literature on cultural transmission and socialization. It has been prepared for the Handbook of Social Economics , edited by Jess Benhabib, Alberto Bisin, and Matt Jackson, to be published by Elsevier Science in 2010.
Persistent link: https://www.econbiz.de/10014025694
The first edition of Mark's Economic Theory in Retrospect (1962) includes a chapter on methodology, ‘A Methodological Postscript,' which starts with four big epistemological and methodological questions: ‘What do economists know? How much does economics explain? What are the principles upon...
Persistent link: https://www.econbiz.de/10013082327