The impact of cultural economics on economic theory

  title={The impact of cultural economics on economic theory},
  author={Michael J. Hutter},
  journal={Journal of Cultural Economics},
  • M. Hutter
  • Published 1 December 1996
  • Economics
  • Journal of Cultural Economics
The paper asks what kind of impact cultural economics has had on the development of economic theory. Six research areas are discussed: productivity differentials between artistic and non-artistic labor, variations of the public good concept, particularly in relation to environmental goods, endogenous changes in preferences, long-term rates of return on paintings, impact of new media technologies and the autonomy of artistic valuation.It is shown that these topics have relevance beyond their… 
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