Heritage Economics

Heritage economics is the study of the economic value of cultural heritage, including historic sites, traditional practices, and artifacts. It evaluates how preserving these resources can contribute to local and national economies through tourism, education, and community development. By measuring benefits like increased visitor spending and job creation, heritage economics helps policymakers understand the financial impact of heritage conservation. This approach emphasizes the importance of protecting cultural assets not just for their historical significance, but also for their potential to enhance economic well-being and foster community pride.