Beyond Price: Value in Culture, Economics, and the Arts

1. Value and valuation in art and culture: introduction and overview Michael Hutter and David Throsby Part I. Origins of Meaning: 2. Creating value between cultures: contemporary Australian Aboriginal art Terry Smith 3. Entertainment value: intrinsic, instrumental, and transactional Richard Shusterman 4. Creating artistic from economic value: changing input prices and new art Michael Hutter Part II. The Creation of Value in Artistic Work: 5. The creation of value by artists: the case of Hector Berlioz and the Symphonic Fantastique David Throsby 6. Art, honor, and excellence in early modern Europe Elizabeth Honig 7. Rubbish and aura: archival economics Kurt Heinzelman Part III. Continuity and Innovation: 8. Value in Yolngu ceremonial song performance: continuity and change Steven Knopoff 9. The ritual and the promise: why people value social ritual Lourdes Arizpe 10. 'More than Luther of these modern days': the construction of Emerson's reputation in American culture 1882-1903 Richard Teichgraeber Part IV. Appreciation and Ranking: 11. Quantitative approaches to valuation in the arts, with an application to movies Victor Ginsburgh and Sheila Weyers 12. Confluence of cultural and economic values: three historical moments Neil De Marchi 13. Agreements of judgements: Masaccio and the Chapmans Carolyn Wilde 14. Time and preferences in cultural consumption Marina Bianchi Part V. Cultural Policies: 15. What values should count in the arts? The tension between economic effects and cultural value Bruno Frey 16. The public value of controversial art: the case of the Sensation exhibit Arthur Brooks 17. Going to extremes: commerical and non-profit valuation in the U.S. arts system William Ivey.