ECONOMIC THEORY AND TOURISM ECONOMICS

Tourism theoreticians have been almost unanimous in their claims that tourism enables a valorisation of free goods (e.g. scenic beauty, climate and air) which causes them to assume economic value in their original state. It is a thesis that stimulates theorizing about ways in which, for instance, a natural good or any other irrational factor transforms into a good that is valued by the market and assigned a price. The issue of tourism rent, linked to the ever-sensitive economic topic of land and property prices in the context of tourism development, is yet another topical subject. Next, it is interesting to consider the questions related to rarity of goods and the neoclassical thesis that links economic efficiency to non-rare goods. Tourism, however, displays some different tendencies. Tourism economics must strive to provide finite and coherent scientific perspectives on these and all other contemporary macroeconomic issues of tourism development.