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What is Net Social Benefit

Handbook of Research on Heritage Management and Preservation
The increase in the welfare of a society that is derived from a particular course of action. Some social benefits, such as greater social justice, cannot easily be quantified.
Published in Chapter:
Some Economics of Conservation of Cultural Heritage: The Key Questions
Marilena Vecco (Université Bourgogne Franche-Comté, France)
Copyright: © 2018 |Pages: 21
DOI: 10.4018/978-1-5225-3137-1.ch015
This chapter contributes to theoretical debates in the study of the economics of cultural heritage conservation. In particular, it deals with the economic analysis, the effects, and the normative aspects of decision making on the preservation of artistic and historical heritage. The different concepts of conservation (re-use, restoration, preservation) are discussed from an economic and historical perspective. A formalised model is presented to ground the analysis. The most relevant dilemmas characterising the issue are studied on this basis. The impossibility of deriving optimum solutions from the market is argued together with the arbitrariness of all non-market decisions on this subject. The rejection of the current definition of conservation as “preservation” on economic grounds is therefore suggested, given its pure ideological nature.
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