Preface

TL;DRAbstract

The aim of this volume is to extend understanding of how value is formed and how valuation processes operate in the arts and culture. It does so against a background of a world in which market forces have become more and more powerful as a driver of public and private decision making. In these circumstances, economic considerations are playing an ever stronger role in assigning value to the things people make, consume, enjoy, buy, and sell. Of course in the arts and culture financial assessments of value have always been important, but there is a sense in the contemporary world that an economic basis for determining the value of art is tending increasingly to overshadow alternative concepts.

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