Growth and Depression in Hayek’s Garden: The Emotional Language of Accounting

  • Harriet Parsons
Part of the New Directions in Cultural Policy Research book series (NDCPR)


Embedded within the idea of cultural value is a history of philosophical thought on the nature of the human bond, its source and authentic expression. The argument, which began in the eighteenth century between the Romantics and Utilitarians on the qualities of ‘imaginative emotion’ (Mill 1969b, 157), has evolved since the 1970s into the search for a unit of measurement. What makes this unit so elusive is that it asks for a technical solution to what is essentially an ethical problem. Defining cultural value is not a question of finding the right ‘system’ but, rather, resolving inherent flaws in the terms of the debate.


Neoclassical Economic Gross National Product Moral Sense Moral Sentiment Governor General 
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© Harriet Parsons 2015

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  • Harriet Parsons

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