David Throsby (Economics)

David Throsby is an Australian economist known for his work on the economics of culture and the arts. He explores how cultural activities, such as music, literature, and visual arts, contribute to economic growth and societal well-being. Throsby emphasizes the idea of "cultural capital," which refers to the value of cultural goods and services beyond their market price. His research helps policymakers understand the importance of investing in the arts and culture, highlighting their role in enhancing quality of life, community identity, and economic development.