A cultural economic perspective focuses on values as they affect behavior, the valuations in various spheres as well as the valorization, that is, the enhancement or the changing of values. The pragmatic view focuses on the way values function in everyday life and in particular on the deliberations in which they are formed and expressed. Values matter; the challenge is to render them susceptible to analysis in economic contexts. The illustrations are derived from the economics of the arts.

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doi.org/10.1080/1350178032000071075, hdl.handle.net/1765/1282
Journal of Economic Methodology
Erasmus School of History, Culture and Communication (ESHCC)

Klamer, A. (2003). A pragmatic view on values in economics. In Journal of Economic Methodology (Vol. 10, pp. 191–212). doi:10.1080/1350178032000071075