Manatū Taonga - the Ministry for Culture and Heritage has recently published video of Motu Senior Fellow Arthur Grimes presenting “Value and Culture - An Economic Framework”. The video is intended as a resource to accompany “Value and Culture”, a Motu Working Paper commissioned by the Ministry that was published in 2013. It draws from material presented at the Heritage Places Forum in June 2014.
It describes tools economists use to measure the value of cultural resources and discusses how successful those tools are. It aims to outline a policy framework for cost-effective intervention and an increasing awareness of trade-offs among policy makers.
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