Realising the Value of Culture

Lyudmila Petrova is Researcher and Educator in Cultural Economics at Erasmus University, the Netherlands, and Co-Founder of the Center for Research and Education in Arts and Economics (CREARE). Her work focuses on creativity and innovation, cultural commons and international cultural policy. Her key publications address value-based approach to the cultural sectors (2020, 2022).Arjo Klamer is Professor Emeritus of Cultural Economics, Erasmus University, the Netherlands, and Visiting Professor Human Economy, VU Amsterdam, the Netherlands. His current research focuses on the cultural dimension of economic life. His most recent book, Doing the right thing: A value - based economy (2016), introduces a value-based approach to the economy. Christian Handke is Associate Professor (with ius promovendi) of cultural economics in the Erasmus School of History, Culture and Communication, Erasmus University Rotterdam, the Netherlands. He is Executive Board member of the Association of Cultural Economics International (ACEI) and Associated Editor of the Journal of Cultural Economics.Valeria Morea is Assistant Professor at the Arts and Culture Department at Erasmus University Rotterdam, the Netherlands. She previously worked as postdoctoral researcher at Iuav University of Venice, Italy and collaborates with the Mercatus Center at George Mason University, USA.YounSun Won is Lecturer and Researcher at Erasmus University Rotterdam, the Netherlands. Her research focuses on urban economics and cultural economics, particularly the role of urban commons in transformation.

• Introduction: Value-based Approach in Making Part I: Critical reflections: Different discourses related to the Value-based approach 1. From the Value of Culture to the Human Economy: The Development of a Research Programme 2. Neither Special Nor Ordinary: Simply Specific. Cultural Values Within the Human Ecosystem 3. The Logic of Preferences and the Formation of Values 4. The Process of Values Realization in the Arts 5. Cutting through the Value Thicket: The Value-based Approach in Cultural Economics and its Friends and Foes Part II: Values and Valorization: Applications of the Values-based approach 6. Towards an Appreciation of Creative Craft: Exploring the Relation between Culture and the Valorisation of Creative Craft 7. The Values of Public Art: The Case of Zadkine’s ‘Destroyed City’ 8. Cultural Commons within a Value-based Approach: A Case for the Theatrical Commons 9. Applying a Value-based Approach to Analyze 10. Valuing Digital Culture 3.0 11. George Orwell, the Fairy Story, and the Managerial Revolution: Literary Criticism as a Value-Based Economic Approach 12. Cultural Leadership and its Value(s) 13. Resilience and Relevance: The Strength of Small Museums in the COVID-19 Era 14. Transforming Academia: How a University Absorbs New Values and Norms to Generate Societal Impact 15. Realising the Values of Science within the Twenty-first Century: How to Avoid Academic Inflation in Higher Education? Part III: Value-based assessment and evaluation 16. The Quality Evaluator: A Value-Based Approach to Assessing Cultural, Social and Societal Values 17. Articulating the ‘Value’ of Cultural Products: The Case of Australian Books 18. Organizational Strategies as Guiding Principles for both Making and Measuring Impact within the Arts and Cultural Sectors: A Helpful Decision Tree 19. Non-Market Value of Theatres: Willingness-to-Pay for Externalities or Willingness-to-Contribute towards the Cultural Commons 20. Understanding Urban Commons in the Context of Urban Transformations