The economics of art and culture / James Heilbrun, Charles M. Gray.

Format:

Book

Author/Creator:

Heilbrun, James.

Contributor:

Gray, Charles M.

Language:

English

Subjects (All):

Arts--Economic aspects--United States.

Arts.

Arts--Economic aspects.

United States--Cultural policy.

United States.

Cultural policy.

Physical Description:

xvi, 410 pages : illustrations ; 24 cm

Edition:

Second edition.

Place of Publication:

Cambridge ; New York : Cambridge University Press, 2001.

Summary:

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 seeking a core text on the economics of the arts and arts management or a supplementary text on the sociology of the arts, as well as general readers seeking a systematic analysis of the arts. Theoretical concepts are developed from scratch so that readers with no background in economics can follow the argument.

The authors look at the arts' historical growth and then examine consumption and production of the live performing arts and the fine arts, the functioning 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.

Contents:

Part I The arts sector: Size, growth, and audiences

1 An overview of the arts sector 3

2 Growth of the arts sector 13

3 Audiences for the arts 40

Part II The microeconomics of demand and supply

4 Consumer demand: An introduction 61

5 The characteristics of arts demand and their policy implications 85

6 Production in the performing arts 107

7 Firms and markets in the performing arts 116

8 Productivity lag and the financial problem of the arts 137

Part III The fine arts and museums

9 The market in works of art 165

10 The economics of art museums 187

Part IV Public policy toward the arts

11 Should the government subsidize the arts? 219

12 Public and/or private support for the arts in the United States, Canada, and Western Europe 250

13 Direct public support for the arts in the United States 278

Part V Art, economy, and society

14 The arts as a profession: Education, training, and employment 311

15 The role of the arts in a local economy 336

16 The mass media, public broadcasting, and the cultivation of taste 360

17 Conclusion: Innovation, arts education, and the future of art and culture in the United States 385.

Notes:

Includes bibliographical references and index.

ISBN:

0521631505

0521637120

OCLC:

44683514