Stonehenge and its Environs forum 134 room
Image by Chris Collyer
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nigelswift wrote:
You are yet to offer an illustration of how heritage can be validly assessed using microeconomic analysis. Please now spill the beans.
In principle It's not difficult to assign value Nigel. You work out the benefits and/or risks of retaining whatever it is that you're looking to defend and then find a way to quantify that to an equivalent financial value. Economic benefits (such as tourism) are often done on a National basis whereas Social benefits can be done on a National or "Humanity" basis.

But this sort of forum format isn't suitable for that type of discussion. It might be worth putting in a holding set of arguments in the current consultation to try to open a foothold for the second round of consultations: I don't have a lot of time spare at the moment, but will look into it next week to see if it is feasible.

jonmor wrote:
In principle It's not difficult to assign value Nigel. You work out the benefits and/or risks of retaining whatever it is that you're looking to defend and then find a way to quantify that to an equivalent financial value.
Yes I'm well aware of that Jon, given that my main qualification is in Economics. It doesn't work for Heritage. Your belief that economists can bring something useful to the issue of heritage value is flattering but mistaken.
How would economists solve this little lot?
https://heritageaction.wordpress.com/2017/02/22/image-of-the-year/