Realising the Value of Culture: The Value-Based Approach

Realising the Value of Culture brings together international scholars to explore how values shape economies, organisations, and societies. It provides conceptual framing and tools for those seeking to align their practices with economic, cultural, and societal values. The chapters in this collection bridge cultural economics, sociology, cultural studies, and urban studies to present an alternative to standard economic perspectives centred on price, profit, and efficiency. Foregrounding qualities – the quality of work, environment, and community – this book offers new methods to evaluate and realise cultural and social values. Its theoretical and methodological contributions include the conceptualisation of value realisation, the commons as shared practices, and the evaluation of impact through qualitative dimensions. Drawing on examples from the arts, crafts, cultural heritage, education, management, and urban development, it demonstrates how the value-based approach can inform circular, creative, and sharing economies. Aimed at undergraduates, postgraduates, scholars, and practitioners – such as cultural managers, creatives, urban planners, policy-makers, and organisational leaders – this book offers an insightful framework for understanding the dynamic interrelations between individuals, institutions, and the communities they serve. The book functions as both a practical manual and an inspiration for continued research and application.