Throsby's 2001 Book "Economics and Culture"

Throsby's 2001 book "Economics and Culture" explores how cultural assets—like art, music, and heritage—are valuable not only socially but also economically. It examines ways to measure their worth and the impact they have on communities and economies. The book highlights the importance of balancing financial considerations with cultural preservation, advocating for policies that support cultural industries while recognizing their unique value beyond just market prices. Overall, it encourages understanding culture as a vital contributor to economic development and societal well-being.