Cultural Economics - A Recent Specialisation of Economics

Revista de Economía Institucional, Vol. 12, No. 22, 2010

37 Pages Posted: 26 Jul 2010

See all articles by Luis Palma

Luis Palma

University of Seville

Luis F. Aguado

Pontificia Universidad Javeriana, Seccional Cali

Date Written: June 1, 2010

Abstract

Cultural economics has recently been included in the development of Economics. The seminal paper Performing Arts: The Economic Dilemma by William Baumol and William Bowen, much acknowledged by specialists and from which this specialization originates, dates back to 1966. In spite of its short life, cultural economics is a dynamic area for applying economic analysis to diverse subjects such as: “Baumol’s cost-disease”, cultural policy, models of consumption of cultural goods, concepts of capital and cultural value, organizational and managerial structures of cultural companies, the functionary of art markets and the development of the sector’s economic accounts.

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Keywords: cultural economics, Baumol’s cost-disease, cultural policy, cultural goods, cultural industries

JEL Classification: Z11, B30

Suggested Citation

Palma, Luis and Aguado, Luis Fernando, Cultural Economics - A Recent Specialisation of Economics (June 1, 2010). Revista de Economía Institucional, Vol. 12, No. 22, 2010, Available at SSRN: https://ssrn.com/abstract=1648941

Luis Palma (Contact Author)

University of Seville ( email )

Avda. del Cid s/n
E-41092 Sevilla, Sevilla 41004
Spain

Luis Fernando Aguado

Pontificia Universidad Javeriana, Seccional Cali ( email )

Calle 18 No. 118-250
Cali, Valle del Cauca
Colombia
5723218200 (Phone)
572555 35 87 (Fax)

HOME PAGE: http://www.javerianacali.edu.co

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