The Economics Of Art And Culture
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✏Handbook of the Economics of Art and Culture Book Summary : This volume emphasizes the economic aspects of art and culture, a relatively new field that poses inherent problems for economics, with its quantitative concepts and tools. Building bridges across disciplines such as management, art history, art philosophy, sociology, and law, editors Victor Ginsburgh and David Throsby assemble chapters that yield new perspectives on the supply and demand for artistic services, the contribution of the arts sector to the economy, and the roles that public policies play. With its focus on culture rather than the arts, Ginsburgh and Throsby bring new clarity and definition to this rapidly growing area. Presents coherent summaries of major research in art and culture, a field that is inherently difficult to characterize with finance tools and concepts Offers a rigorous description that avoids common problems associated with art and culture scholarship Makes details about the economics of art and culture accessible to scholars in fields outside economics
📒The Economics Of Art And Culture ✍ Heilbrun James
✏The Economics of Art and Culture Book Summary : Systematic review of the economics of the arts and performing arts.
📒Economics Of Art And Culture ✍ Bruno S. Frey
✏Economics of Art and Culture Book Summary : This book studies the relationship between the arts and the economy. By applying economic thinking to arts and culture, it analyses markets for art and cultural goods, highlights specific facets of art auctions and discusses determinants of the economic success of artists. The author also sheds new light on various cultural areas, such as the performing and visual arts, festivals, films, museums and cultural heritage. Lastly, the book discusses cultural policies, the role of the state in financing culture, and the relationship between the arts and happiness.
📒The Economics Of Art And Culture ✍ James Heilbrun
✏The Economics of Art and Culture Book Summary : This is the first book to cover not only the economics of the fine arts and performing arts in the United States but also public policy toward the arts at federal, state, and local levels. The book will interest academic readers seeking a core text on the economics of the arts and arts management as well as those seeking a systematic analysis of the arts in America. Theoretical concepts are developed from scratch so that readers with little background in economics can follow the arguments. The authors look at the arts' historical growth and then examine consumption and production, the functioning and financial problems of arts markets, the financial problems of performing arts companies and museums, and the key role of public policy. A final chapter speculates about the future of art and culture in the United States.
📒Art Cultural Capital ✍ Kaitlin Leigh Serota
✏Art Cultural Capital Book Summary : Art investment, as a form of financial speculation, is rapidly on the rise. As a now conventional use of art, the escalating presence of art investment is undoubtedly influential, not only in how art functions in the art market, but also on art's role in broader culture. To fully analyze the repercussions of art's use as an investment tool, it is necessary to look at how it operates both economically and culturally. Utilizing theories from cultural economics and cultural studies, this paper explores the ways art is valuated - as art's value provides the foundation of art's operation in the market and establishes its meaning as a culturally historical object. As art has not always been used as a means of investment, it has clearly undergone a transformative process. Uncovering the history of this process will include considering the rise of conceptual art, the emergence of branding, and resulting commodification. The art market is the convergence of art's function as a culturally historical object and its use as a commodity. Examining the structure of the today's art market will provide insight into the ways the convergence of these two functions perform in the art market. This can be found in the ways in which art is valued as well as the use of art, which are both essential to the stability of the art market. All of this, in turn, leads to consideration of the stability of the art market and the pivotal importance of that stability to cultural capital in the overall economy. Ultimately, a concatenation of events is pieced together: The subjugation and eradication of autonomous art by commodified art, causing an irrepressible rise of art investment. As the demand for investable art with authentic price and symbolism outnumbers the supply, it causes the proliferation of art endowed with fantasy price and symbolism, disrupting the balance between authentic and fantasy price and symbolism in the art market. This imbalance causes instability and then collapse of the art market. As the art market occupies a substantial amount of stock in cultural capital, its collapse will detrimentally affect cultural capital's functionality and thus the operation of the overall economy. In conclusion, I find that art investment bridged the steadily dwindling gap between the arts and economics. And, since art investment is bridging the gap, both sides have become increasingly dependent on its status and widespread influence. Not only has the economy become culturalized but the art industry has become economized. Both developments bring each discipline a sizable step closer toward each other, resulting in an overlapping of interests and an increasingly reliance on each other for stability and success.
📒Handbook Of The Economics Of Art And Culture ✍ Victor A. Ginsburgh
✏Handbook of the Economics of Art and Culture Book Summary : Over the last 30 or 40 years a substantial literature has grown up in which the tools of economic theory and analysis have been applied to problems in the arts and culture. Economists who have surveyed the field generally locate the origins of contemporary cultural economics as being in 1966, the year of publication of the first major work in modern times dedicated specifically to the economics of the arts. It was a book by Baumol and Bowen which showed that economic analysis could illuminate the supply of and demand for artistic services, the contribution of the arts sector to the economy, and the role of public policy. Following the appearance of the Baumol and Bowen work, interest in the economics of the arts grew steadily, embracing areas such as demand for the arts, the economic functions of artists, the role of the nonprofit sector, and other areas. Cultural economics also expanded to include the cultural or entertainment industries (the media, movies, the publishing industry, popular music), as well as heritage and museum management, property right questions (in particular copyright) and the role of new communication technologies such as the internet. The field is therefore located at the crossroads of several disciplines: economics and management, but also art history, art philosophy, sociology and law. The Handbook is placed firmly in economics, but it also builds bridges across these various disciplines and will thus be of interest to researchers in all these different fields, as well as to those who are engaged in cultural policy issues and the role of culture in the development of our societies. *Presents an overview of the history of art markets *Addresses the value of art and consumer behavior toward acquiring art *Examines the effect of art on economies of developed and developing countries around the world
📒The Economics Of Cultural Policy ✍ David Throsby
✏The Economics of Cultural Policy Book Summary : Non-technical analysis of how cultural industries contribute to economic growth and the policies required to ensure cultural industries will flourish.
📒Handbook On The Economics Of Art And Culture ✍ Victor Ginsburgh
✏Handbook on the Economics of Art and Culture Book Summary :
📒The Value Of Culture ✍ Arjo Klamer
✏The Value of Culture Book Summary : Culture manifests itself in everything human, including the ordinary business of everyday life. Culture and art have their own value, but economic values are also constrained. Art sponsorships and subsidies suggest a value that exceeds market price. So what is the real value of culture? Unlike the usual focus on formal problems, which has 'de-cultured' and 'de-moralized' the practice of economics, this book brings together economists, philosophers, historians, political scientists and artists to try to sort out the value of culture. This is a book not only for economists and social scientists, but also for anybody actively involved in the world of the arts and culture.
📒A Textbook Of Cultural Economics ✍ Ruth Towse
✏A Textbook of Cultural Economics Book Summary : This second edition offers a comprehensive, up-to-date overview and analysis of cultural economics in the digital creative economy.