Arts & Economics: Analysis & Cultural PolicySpringer Berlin Heidelberg, 2000 M06 15 - 240 pages To put the ARTS and ECONOMICS next to each other, as in the title to this book, may be shocking to some readers. Must not creative art be free of economic constraints, must it not lead a life of its own? And is economics not the realm of mean commercial dealings? This book argues that it is not so: the ARTS and ECONOMICS go well together, indeed need each other. Without a sound economic base, art cannot exist, and without creativity the economy cannot flourish. There is a second way in which the Arts and Economics go together, namely in the sense of applying economic thinking to the arts. Over the last decades, this scholarly endeavor has been established under the name of "The Economics of Art" or "Cultural Economics". But this may also sound revolting to some readers as it suggests an imperialistic extension of a lowly benefit-cost calculus to the world of art. This fear is unwarranted. On the contrary, cultural economists stress the social value of art and defend it against a crude business view of art. Rather than dismissing art without direct commercial profit, art economists seek ways and means of supporting it. This book is not a textbook summarizing the achievements attained by the economics of art. Such books already exist, among them the author's own, Muses and Markets, Explorations in the Economics of Art, written jointly with Werner Pommerehne. VI Preface ARTS & ECONOMICS charters little known territories. |
Contents
Combining Art and Economics | 1 |
Supporting the Arts | 6 |
References | 205 |
Copyright | |
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administration analysis analyzed argued art and culture art economics art experts art historians art investments art lovers art market art museums art objects artistic activities artistic creativity aspects auction Basle Baumol behavior chapter collection collectors constraints Contingent Valuation copies Cultural Economics cultural institutions demand democracy Direct Democracy discussed economics of art economists empirical endowment effect evaluation example existing expenditure factors fakes festivals and special Frey and Pommerehne galleries government support Guggenheim Museum higher important incentive income individuals innovative interest intrinsic motivation Journal of Cultural Land Art large number major market failures million monetary museum directorate opera houses opportunity cost option value organized original particular percent performing arts Personal Creativity Picasso popular referenda possible preferences produce rate of return referendum restrictions revenue Salzburg Festival selling special exhibitions studies subsidies superstar museums survey Tacit knowledge theatre visitors vote voters willingness to pay willingness-to-pay