Economics is a social science that attempts to understand the actions of individuals and the institutions that they create. At the heart of economic analysis is the individual, who is seen to make dynamic choices in the face of uncertainty, given the constraints (such as time and budget) which place limits on those decisions. Of course, individuals are members of society. In fact, most individuals identify closely with only one or, at most, a very few cultures, each of which has its own cultural heritage. In recent years, the economics profession has begun to recognize the importance of culture to the individual and has evolved a rapidly expanding subdiscipline of Cultural Economics that focuses exclusively on the analysis of cultural activities as integral workings of the overall economy. This book is intended to provide an in-depth introduction to the economist’s perspective on the consumption, valuation, and perpetuation of a society’s cultural heritage.
A unique aspect of Cultural Economics is the recognition that creativity and the creative individual are essential to both the production and the consumption of works of art that eventually come to define a culture. Art, if it is to be art, must be transformational: appreciated for its beauty or emotional power. However, that appreciation must have an historical and cultural context, and is thus a shared experienced involving both the artist, whose work reflects the times in which it was created, and the viewer, whose own personal history and cultural knowledge color how he or she experiences the work of art.
|Copyright||2017, Milton H Marquis|
|Copyright License||Standard Copyright License|
|Product Details||5.5 x 8.5 Premium Color Glossy Perfect Bound|
|Page Count||376 pages|
|Type of Publication||Textbook|
|Keywords||cultural economics, economics of art and culture|