'What a pleasure to read an economic analysis of culture and a cultural critique of economics by a well-trained, thoroughly cultured economist! This is a book we all ought to read.' Mark Blaug, University of Amsterdam
'David Throsby has long been known as a leading contributor in cultural economics. His book marks a major step forward: far from a mindless application of orthodox economics to the arts, he does full justice to the special characteristics, without giving up good economic reasoning. His treatment of the value of the arts, of cultural capital and heritage are of special note.' Bruno S. Frey, University of Zurich