Article | Valuation Studies | The Economic Valuation and Commensuration of Cultural Resources: Financing and Monitoring the Swedish Culture Sector





Title:
The Economic Valuation and Commensuration of Cultural Resources: Financing and Monitoring the Swedish Culture Sector
Author:
Alexander Styhre: Dept. of Business Administration, School of Business, Economics and Law, University of Gothenburg, Sweden
DOI:
10.3384/vs.2001-5992.131151
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Abstract:
Economic sociology treats the process of valuation and commensuration of resources as socially-embedded practices determined by historical, cultural, and political conditions. Empirical studies of valuation and commensuration demonstrate that the practices of creating metrics, accounting procedures, and other forms of numerical representations that denote underlying resources are bound up with social interests and instituted beliefs. Recently, cultural resources and culture production have been advocated as key drivers of economic growth in what has been branded the “the creative economy.” At the same time, a lot of cultural resources and culture production are, historically, not strictly valued in terms of economic worth, instead being commonly regarded as having an intrinsic social value. Such norms disconnect cultural resources and economic worth, while much culture production is simultaneously being funded by welfare states, making the allocation of public funding a matter of professional expertise. This article reports on a study of how officers of a regional Culture Agency allocate regional culture budgets and monitor culture production via processes of valuation and commensuration. The study contributes to our understanding of how valuation and commensuration play a role in non-market or pseudo-market settings where both political interests and wider social interests are bound up with calculative practices.
Keywords:
Economic sociology; valuation; commensuration; culture resources; culture politics; the creative economy
Year:
2013
Volume:
1
Issue:
1
Pages:
51-81
No. of pages:
32
Publication type:
Article
Published:
2013-04-16

Volume 1, Issue: 1, Article 4, 2013

Author:
Alexander Styhre
Title:
The Economic Valuation and Commensuration of Cultural Resources: Financing and Monitoring the Swedish Culture Sector:
DOI:
10.3384/vs.2001-5992.131151
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Volume 1, Issue: 1, Article 4, 2013

Author:
Alexander Styhre
Title:
The Economic Valuation and Commensuration of Cultural Resources: Financing and Monitoring the Swedish Culture Sector:
DOI:
10.3384/vs.2001-5992.131151
Note: the following are taken directly from CrossRef
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  • Lukas Crepaz, Christian Hube & Tobias Scheytt (2016). Governing arts through valuation: The role of the state as network actor in the European Capital of Culture 2010. Critical Perspectives on Accounting, 37: 35. DOI: 10.1016/j.cpa.2015.03.002
  • Emily Barman (2015). Of Principle and Principal: Value Plurality in the Market of Impact Investing. Valuation Studies, 3(1): 9. DOI: 10.3384/VS.2001-5592.15319
  • Antoine Ducaste & Ward Anseeuw (2017). Agriculture as an asset class: reshaping the South African farming sector. Agriculture and Human Values, 34(1): 199. DOI: 10.1007/s10460-016-9683-6
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