The Economics of Art and Culture

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.