Edited By: S Navrud and RC Ready
`An excellent introduction to an important, and often neglected, topic. Valuing Cultural Heritage combines a useful primer on the theory of economic valuation followed by a dozen interesting case studies from eight different countries. The cultural resources studied include traditional cultural monuments and assets such as castles and cathedrals in Norway and the UK, a royal theatre in Denmark, monasteries in Bulgaria, and marble monuments in Washington DC. However, the volume also includes studies on less commonly considered assets such as the value of an entire historic quarter in Fez, Morocco, cultural services of Italian museums, or rock paintings in the Canadian woods, and, in a very interesting application of the approach, the benefits from reducing visual and noise pollution near Stonehenge by burying a nearby highway. Although contingent valuation techniques (CVM) predominate, other approaches are also illustrated. The volume is made even more valuable by an exceptionally good summary chapter that provides clear guidance on lessons learned and best practice to guide future work. I highly recommend this book for both researchers and policymakers.' - John A. Dixon, The World Bank, US
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