Value from Environmental and Cultural Perspectives or Two Sides of the Same Coin
This paper discusses the value theory in cultural
heritage and the value theory in environmental economics. Two
economic views of the value theory are compared, within the field of
cultural heritage maintenance and within the field of the environment.
The main aims are to find common features in these two differently
structured theories under the layer of differently defined terms as well
as really differing features of these two approaches; to clear the
confusion which stems from different terminology as in fact these
terms capture the same aspects of reality; and to show possible
inspiration these two perspectives can offer one another. Another aim
is to present these two value systems in one value framework. First,
important moments of the value theory from the economic
perspective are presented, leading to the marginal revolution of (not
only) the Austrian School. Then the theory of value within cultural
heritage and environmental economics are explored. Finally,
individual approaches are compared and their potential mutual
inspiration searched for.
[1] J. Aldred, “Existence value, welfare and altruism”, Environmental
Values, no. 3, 1994, pp. 397-399.
[2] R. Attfield, “Existence value and intrinsic value”, Ecological
Economics, no. 24, 1998, pp. 163-168.
[3] Aristoteles, Etika Nikomachova. Praha: Rezek, 1996.
[4] T. Akvinský, Summa Theologica. Olomouc: Krystal, 1937.
[5] F. Benhamou. 2003. “Heritage,” in A handbook of cultural economics,
R. Towse, Ed. Bodmin: Edward Elgar Publishing, 2003.
[6] R. Blamey, M. Common, “Sustainability and the Limits to Pseudo
Market Valuation,” in Towards Sustainable Limits, J. van den Bergh, J.
van der Straaten, Ed. Washington, DC: Island Press, 1994, pp. 165-198.
[7] E. Bohm-Bawerk, Základy teorie hospodářské hodnoty statků. Praha:
Academia, 1991.
[8] G. H. Brundtland, Naše společná budoucnost: světová komise pro
životní prostředí a rozvoj. Praha: Academia, 1991.
[9] P. A. Diamond, J. A. Hausmann, “On Contingent Valuation
Measurement of Nonuse Values,” in Contingent Valuation: a Critical
Assessment, J. A. Hausmann, Ed. Amsterdam: North Holland, 1993, pp.
3– 38.
[10] P. A. Diamond, J. A. Hausmann, “Contingent Valuation: Is Some
Number better than No Number?”, The Journal of Economic
Perspectives, no. 8, 194, pp. 45-64.
[11] F. A. Hayek, The Constitution of Liberty. Trowbridge: Cromwell Press,
2006.
[12] K. H. Hennings, The Austrian theory of value and capital: studies in the
life and work of Eugen von Böhm-Bawerk. Cheltenham: Edward Elgar
Publishing, 1997.
[13] R. Holman, Vývoj ekonomického myšlení. Praha: Liberální institut, 1994.
[14] W. S. Jevons, The Theory of Political Economy. New York: Augustus
M. Kelly, 1965.
[15] J. Jílková, L. Slavíková, “Ekonomie životního prostředí na rozcestí”,
Politická ekonomie, vol. 27, no. 5, 2009, pp. 660-676.
[16] D. Kahneman, J. Knetsch, “Valuing Public Goods: the Purchase of
Moral Satisfaction”, Journal of Environmental Economics and
Management, vol. 22, 1992, pp. 57- 70.
[17] I. Kant, Základy metafyziky mravů. Praha: Svoboda, 1990.
[18] A. Klamer, 2003. “Value of culture” in A Handbook of Cultural
Economics, R. Towse, Ed. Edward Bodmin: Elgar Publishing, 2003, pp.
465–468.
[19] R. J. Kopp, “Why Existence Value Should Be Used in Cost-Benefit
Analysis”, Journal of Policy Analysis and Management, vol. 1, no. 11,
1992, pp. 123-130.
[20] T. Kulka, Uměni a falzum: monismus a dualismus v estetice. Praha:
Academia, 2004.
[21] D. S. Looney, “Protection or Provocateur?”, Sports Illustrated, May
1991.
[22] K. Marx, Kapitál: Kritika politické ekonomie. Praha: Vydavatelství
ústředního výboru KSČ, 1954.
[23] C. Menger, Principles of Economics. Grove City: Libertarian Press,
1994.
[24] J. S. Mill, Principles of Political Economy. Book I: Production. London:
Longmans, Green, and Co, 1909.
[25] L. Mises, Human Action, A Treatise on Economics. Chicago: Yale
University Press, 1966.
[26] L. Mises, Theory and History, An Interpretation of Social and Economic
Evolution. Auburn: Ludvig von Mises Institut, 2007.
[27] R. Mitchell, R. Carson, Using Surveys to Value Public Goods: The
Contingent Valuation Method. Washington, DC: Resources for The
Future, 1993.
[28] R. H. Nelson, “Sustainability, Efficiency and God: Economic Values
and the Sustainability Debate”, Annual Review of Ecology and
Systematics, no. 26, 1995, pp. 135-154.
[29] R. H. Nelson, “How Much is God Worth?”, 1996, pp. 1-19.
[30] R. H. Nelson, “Does „Existence Value “Exist?”, The Independent
Review, no. I/4, 1997, pp. 499–521.
[31] V. Pařil, “Existenční hodnota v regionální ekonomii” in XII.
mezinárodní kolokvium o regionálních vědách, V. Klímová, Ed. Brno:
Masarykova univerzita, 2009, pp. 79-94.
[32] Platón, “Ústava. Kniha 10”, In Platón; Kleitofon; Ústava; Timaios;
Kritias. Platonovy spisy. Svazek 4. Praha: OIKOYMENH, 2003, pp.
524.
[33] J. Quiggin, “Altruism, total valuation and benefit cost analysis”,
Australian Economic Papers”, no. 36, 1997 in J. Quiggin, “Existence
value and contingent valuation method”, Australian Economic Papers,
vol. 37, no. 3, 1998, pp. 312-329.
[34] J. Qiuggin, “Existence value and the contingent valuation method”,
Australian Economic Papers, vol. 37, no. 3, 1998, pp. 312-329.
[35] D. Ricardo, Zásady politické ekonomie a zdanění. Praha: Státní
nakladatelství politické literatury, 1956.
[36] A. Riegl, Moderní památková péče (Moderní kult památek). Praha:
Národní památkový ústav, 2003.
[37] L. Robbins, A History of Economic Thought. New Jersey: Princeton
University Press, 2000.
[38] D. H. Rosenthal, R. H. Nelson, “Why Existence Values Should Not Be
Used in Cost-Benefit Analyses”, Journal of Policy Analysis and
Management, no. 11, 1992, pp. 116–121.
[39] M. Sagoff, The Economy of The Earth. Cambridge: Cambridge
University Press, 1988 in J. Quiggin, “Existence value and the
contingent valuation method”, Australian Economic Papers, vol. 37, no.
3, 1998, pp. 312-329.
[40] M. Sagoff, “On the Expansion of Economic Theory: A Rejoinder”,
Economic and Environment, 1994 in J. Qiuggin “Existence value and
the contingent valuation method”, Australian Economic Papers, vol. 37,
no. 3, 1998, pp. 127-144;
[41] J. Slavík, “Neoklasická ekonomie a ochrana životního prostředí”,
Politická ekonomie, no. 4, 2007, pp. 526-538.
[42] A. Smith, Pojednání o podstatě a původu bohatství národů. Praha:
Liberální institut, 2001.
[43] M. Sojka, Dějiny ekonomických teorií. Praha: Karolinum, 2000.
[44] F. Svoboda, Institucionální aspekty efektivního fungování památkové
péče. Brno: Masarykova univerzita, 2007.
[45] F. Svoboda, “In search of value: Vienna School of Art History, Austrian
value theory and the others”, Journal of Socio-Economics, vol. 40, no. 4,
2010, pp. 428-435.
[46] D. Throsby, “Determining the Value of Cultural Goods: How much (or
How little) Does Contingent Valuation tell us?”, Journal of Cultural
Economics, vol. 27, no. 3-4, 2003, pp. 275-285.
[47] T. Urbanvá, Tržní přístup k ochraně životního prostředí. Praha:
Liberální institut, 2002.
[48] M. Viturka, Environmentální ekonomie. Brno: Masarykova univerzita,
2005.
[49] L. Walras, Studies in Applied Economics: Theory of the Production of
Social Wealth. New York: Routledge, 1898.
[50] H. P. Weikard, Existence Value Does Not Exist and Non-use Values are
Useless. Belgirate: European Public Choice Society, 2002.
[51] H. P. Weikard, Why Non-use Values Should Not Be Used. Wageningen:
Department of Social Sciences, Wageningen University, 2005.
[52] F. Wieser, “The Austrian School and the Theory of Value”, The
Economic Journal, vol. 1, no. 1, 1891, pp. 108-121.W.-K. Chen, Linear
Networks and Systems (Book style). Belmont, CA: Wadsworth, 1993,
pp. 123–135.
[1] J. Aldred, “Existence value, welfare and altruism”, Environmental
Values, no. 3, 1994, pp. 397-399.
[2] R. Attfield, “Existence value and intrinsic value”, Ecological
Economics, no. 24, 1998, pp. 163-168.
[3] Aristoteles, Etika Nikomachova. Praha: Rezek, 1996.
[4] T. Akvinský, Summa Theologica. Olomouc: Krystal, 1937.
[5] F. Benhamou. 2003. “Heritage,” in A handbook of cultural economics,
R. Towse, Ed. Bodmin: Edward Elgar Publishing, 2003.
[6] R. Blamey, M. Common, “Sustainability and the Limits to Pseudo
Market Valuation,” in Towards Sustainable Limits, J. van den Bergh, J.
van der Straaten, Ed. Washington, DC: Island Press, 1994, pp. 165-198.
[7] E. Bohm-Bawerk, Základy teorie hospodářské hodnoty statků. Praha:
Academia, 1991.
[8] G. H. Brundtland, Naše společná budoucnost: světová komise pro
životní prostředí a rozvoj. Praha: Academia, 1991.
[9] P. A. Diamond, J. A. Hausmann, “On Contingent Valuation
Measurement of Nonuse Values,” in Contingent Valuation: a Critical
Assessment, J. A. Hausmann, Ed. Amsterdam: North Holland, 1993, pp.
3– 38.
[10] P. A. Diamond, J. A. Hausmann, “Contingent Valuation: Is Some
Number better than No Number?”, The Journal of Economic
Perspectives, no. 8, 194, pp. 45-64.
[11] F. A. Hayek, The Constitution of Liberty. Trowbridge: Cromwell Press,
2006.
[12] K. H. Hennings, The Austrian theory of value and capital: studies in the
life and work of Eugen von Böhm-Bawerk. Cheltenham: Edward Elgar
Publishing, 1997.
[13] R. Holman, Vývoj ekonomického myšlení. Praha: Liberální institut, 1994.
[14] W. S. Jevons, The Theory of Political Economy. New York: Augustus
M. Kelly, 1965.
[15] J. Jílková, L. Slavíková, “Ekonomie životního prostředí na rozcestí”,
Politická ekonomie, vol. 27, no. 5, 2009, pp. 660-676.
[16] D. Kahneman, J. Knetsch, “Valuing Public Goods: the Purchase of
Moral Satisfaction”, Journal of Environmental Economics and
Management, vol. 22, 1992, pp. 57- 70.
[17] I. Kant, Základy metafyziky mravů. Praha: Svoboda, 1990.
[18] A. Klamer, 2003. “Value of culture” in A Handbook of Cultural
Economics, R. Towse, Ed. Edward Bodmin: Elgar Publishing, 2003, pp.
465–468.
[19] R. J. Kopp, “Why Existence Value Should Be Used in Cost-Benefit
Analysis”, Journal of Policy Analysis and Management, vol. 1, no. 11,
1992, pp. 123-130.
[20] T. Kulka, Uměni a falzum: monismus a dualismus v estetice. Praha:
Academia, 2004.
[21] D. S. Looney, “Protection or Provocateur?”, Sports Illustrated, May
1991.
[22] K. Marx, Kapitál: Kritika politické ekonomie. Praha: Vydavatelství
ústředního výboru KSČ, 1954.
[23] C. Menger, Principles of Economics. Grove City: Libertarian Press,
1994.
[24] J. S. Mill, Principles of Political Economy. Book I: Production. London:
Longmans, Green, and Co, 1909.
[25] L. Mises, Human Action, A Treatise on Economics. Chicago: Yale
University Press, 1966.
[26] L. Mises, Theory and History, An Interpretation of Social and Economic
Evolution. Auburn: Ludvig von Mises Institut, 2007.
[27] R. Mitchell, R. Carson, Using Surveys to Value Public Goods: The
Contingent Valuation Method. Washington, DC: Resources for The
Future, 1993.
[28] R. H. Nelson, “Sustainability, Efficiency and God: Economic Values
and the Sustainability Debate”, Annual Review of Ecology and
Systematics, no. 26, 1995, pp. 135-154.
[29] R. H. Nelson, “How Much is God Worth?”, 1996, pp. 1-19.
[30] R. H. Nelson, “Does „Existence Value “Exist?”, The Independent
Review, no. I/4, 1997, pp. 499–521.
[31] V. Pařil, “Existenční hodnota v regionální ekonomii” in XII.
mezinárodní kolokvium o regionálních vědách, V. Klímová, Ed. Brno:
Masarykova univerzita, 2009, pp. 79-94.
[32] Platón, “Ústava. Kniha 10”, In Platón; Kleitofon; Ústava; Timaios;
Kritias. Platonovy spisy. Svazek 4. Praha: OIKOYMENH, 2003, pp.
524.
[33] J. Quiggin, “Altruism, total valuation and benefit cost analysis”,
Australian Economic Papers”, no. 36, 1997 in J. Quiggin, “Existence
value and contingent valuation method”, Australian Economic Papers,
vol. 37, no. 3, 1998, pp. 312-329.
[34] J. Qiuggin, “Existence value and the contingent valuation method”,
Australian Economic Papers, vol. 37, no. 3, 1998, pp. 312-329.
[35] D. Ricardo, Zásady politické ekonomie a zdanění. Praha: Státní
nakladatelství politické literatury, 1956.
[36] A. Riegl, Moderní památková péče (Moderní kult památek). Praha:
Národní památkový ústav, 2003.
[37] L. Robbins, A History of Economic Thought. New Jersey: Princeton
University Press, 2000.
[38] D. H. Rosenthal, R. H. Nelson, “Why Existence Values Should Not Be
Used in Cost-Benefit Analyses”, Journal of Policy Analysis and
Management, no. 11, 1992, pp. 116–121.
[39] M. Sagoff, The Economy of The Earth. Cambridge: Cambridge
University Press, 1988 in J. Quiggin, “Existence value and the
contingent valuation method”, Australian Economic Papers, vol. 37, no.
3, 1998, pp. 312-329.
[40] M. Sagoff, “On the Expansion of Economic Theory: A Rejoinder”,
Economic and Environment, 1994 in J. Qiuggin “Existence value and
the contingent valuation method”, Australian Economic Papers, vol. 37,
no. 3, 1998, pp. 127-144;
[41] J. Slavík, “Neoklasická ekonomie a ochrana životního prostředí”,
Politická ekonomie, no. 4, 2007, pp. 526-538.
[42] A. Smith, Pojednání o podstatě a původu bohatství národů. Praha:
Liberální institut, 2001.
[43] M. Sojka, Dějiny ekonomických teorií. Praha: Karolinum, 2000.
[44] F. Svoboda, Institucionální aspekty efektivního fungování památkové
péče. Brno: Masarykova univerzita, 2007.
[45] F. Svoboda, “In search of value: Vienna School of Art History, Austrian
value theory and the others”, Journal of Socio-Economics, vol. 40, no. 4,
2010, pp. 428-435.
[46] D. Throsby, “Determining the Value of Cultural Goods: How much (or
How little) Does Contingent Valuation tell us?”, Journal of Cultural
Economics, vol. 27, no. 3-4, 2003, pp. 275-285.
[47] T. Urbanvá, Tržní přístup k ochraně životního prostředí. Praha:
Liberální institut, 2002.
[48] M. Viturka, Environmentální ekonomie. Brno: Masarykova univerzita,
2005.
[49] L. Walras, Studies in Applied Economics: Theory of the Production of
Social Wealth. New York: Routledge, 1898.
[50] H. P. Weikard, Existence Value Does Not Exist and Non-use Values are
Useless. Belgirate: European Public Choice Society, 2002.
[51] H. P. Weikard, Why Non-use Values Should Not Be Used. Wageningen:
Department of Social Sciences, Wageningen University, 2005.
[52] F. Wieser, “The Austrian School and the Theory of Value”, The
Economic Journal, vol. 1, no. 1, 1891, pp. 108-121.W.-K. Chen, Linear
Networks and Systems (Book style). Belmont, CA: Wadsworth, 1993,
pp. 123–135.
@article{"International Journal of Business, Human and Social Sciences:69681", author = "Vilém Pařil and Dominika Tóthová", title = "Value from Environmental and Cultural Perspectives or Two Sides of the Same Coin", abstract = "This paper discusses the value theory in cultural
heritage and the value theory in environmental economics. Two
economic views of the value theory are compared, within the field of
cultural heritage maintenance and within the field of the environment.
The main aims are to find common features in these two differently
structured theories under the layer of differently defined terms as well
as really differing features of these two approaches; to clear the
confusion which stems from different terminology as in fact these
terms capture the same aspects of reality; and to show possible
inspiration these two perspectives can offer one another. Another aim
is to present these two value systems in one value framework. First,
important moments of the value theory from the economic
perspective are presented, leading to the marginal revolution of (not
only) the Austrian School. Then the theory of value within cultural
heritage and environmental economics are explored. Finally,
individual approaches are compared and their potential mutual
inspiration searched for.
", keywords = "Cultural heritage, environmental economics,
existence value, value theory.", volume = "9", number = "4", pages = "1288-8", }
