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This is the first book to cover not only the economics of the fine arts and performing arts, but also public policy toward the arts at federal, state, and local levels in the United States. The second edition offers greater coverage of the international arts sector. The work will interest academic readers as a supplementary text on the sociology of the arts, as well as general readers seeking a systematic analysis of the economics of the arts. Theoretical concepts are developed from scratch so that readers with no background in economics can follow the argument.
Part I: 1. An overview of the arts sector; 2. Growth of the arts sector; 3. Audiences for the arts; Part II. The Microeconomics of Demand and Supply: 4. Consumer demand: an introduction; 5. The characteristics of arts demand and their policy implications; 6. Production in the performing arts; 7. Firms and markets in the performing arts; 8. Productivity lag and the financial problem of the arts; 9. The market in works of art; 10. The economics of art museums; 11. Should the government subsidize the arts?; 12. Public and/or private support for the arts in the US, Canada, and Western Europe; 13. Direct public support for the arts in the US; 14. The arts as a profession: education, training, and employment; 15. The role of the arts in a local economy; 16. The mass media, public broadcasting, and the cultivation of taste; 17. Conclusion: innovation, arts education, and the future of art and culture in the United States.
Posted April 26, 2009
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