The Arts Council (ACE) published a report in July 2014 on Understanding the value and impacts of cultural experiences, commissioned from WolfBrown. This report is a broad international literature review that deals with language and concepts; measuring individual impacts; valuing arts and culture from the marketing perspective; and creative capacity of an organization. Value is discussed in terms of economic, social and public value, with a primary emphasis on the arts - the broader interest of the humanities and sciences don't seem to be part of scope.
This follows the ACE review earlier in 2014 of The value of arts and culture to people and society. This was an evidence review, looking at economy; health and wellbeing; society; and education, together with gaps in evidence and needs for future research.
Also interesting is the current work of the Warwick Commission on the Future of Cultural Value which has developed discussion and evidence to ask "what kinds of investment do we need to ensure the future of culture and how can we work to ensure that all forms of culture are inclusive and accessible for all?"
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