David Throsby made significant contributions to cultural economics, making the field visible in academic economics. His work extended beyond standard economic tools, recognizing that artistic practices require new economic approaches. Building on Throsby’s value approach, this paper explores how cultural goods differ from standard economic products, emphasizing their shared and common nature. It examines the cultural and social dimensions of these goods, analysing their role within the commons. By integrating diverse literature sources, the study proposes a taxonomy of commoning practices, addressing research gaps and future inquiries. It highlights the multiplicity of values—such as aesthetic, social, and historical—demonstrating how cultural goods function beyond financial worth within communities and shared practices. JEL Classification Z11
Petrova et al. (Tue,) studied this question.