- Subject index
Interest in economics is at an all-time high. Among the challenges facing the nation is an economy with rapidly rising unemployment, failures of major businesses and industries, and continued dependence on oil with its wildly fluctuating price. Economists have dealt with such questions for generations, but they have taken on new meaning and significance.Tackling these questions and encompassing analysis of traditional economic theory and topics as well as those that economists have only more recently addressed, 21st Century Economics: A Reference Handbook is a must-have reference resource.Key FeaturesProvides highly readable summaries of theory and models in key areas of micro and macroeconomics, helpful for students trying to get a "big picture" sense of the fieldIncludes introductions to relevant theory as well as empirical evidence, useful for readers interested in learning about economic analysis of an issue as well for students embarking on research projectsFeatures chapters focused on cutting-edge topics with appeal for economists seeking to learn about extensions of analysis into new areas as well as new approaches Presents models in graphical format and summarizes empirical evidence in ways that do not require much background in statistics or econometrics, so as to maximize accessibility to students.
Chapter 80: Economic Aspects of Cultural Heritage
Economic Aspects of Cultural Heritage
Cultural heritage is universal in that every culture has a heritage, but that heritage is unique to each culture or community. A building that may be slated for replacement in one region because it is mundane or out of date may be revered in another due to the cultural meaning attached to the building's heritage. As a result, different preferences for cultural goods arise from the differences in culture. In addition, one rarely hears that we have “too much” cultural heritage; more heritage is universally desired, but protecting and creating cultural heritage is costly. Thus, there are many reasons for the study of the economics aspects of cultural heritage, including a desire to study the values ...