How much are public spaces worth? (475)

Podcast: What is The Future for Cities? · Fanni Melles

Opublikowano: 2026-10-26

Jagoda Adamus's 2023 paper asks what public spaces are worth when the market will not name a price. This debate tests whether total economic value can hold a plaza's cultural worth. One side of the conversation treats culture, bequest, and the joy of a bench as human utility already inside the economic account, and points to hedonic prices and contingent valuation as the tools. The other treats David Throsby's cultural capital as a separate category, and argues that genius loci cannot be transferred to a shopping mall that only copies the functions. Both agree that...