This paper seeks to transcend entrenched misunderstandings between economists and arts policy-makers, leaders and funders. These misunderstandings are most evident in the long-running debate about ‘instrumental’ and ‘intrinsic’ approaches to public expenditure on culture and the arts.
Economics provides tools for measuring the intrinsic as well as instrumental value of art in a way that is commensurable with other calls on the public purse. The reluctance to use rigorous economic methods has hindered the case for the arts. This paper offers a provocative reconsideration of the outdated and poorly-informed prejudices that lie behind this reluctance.
http://mpra.ub.uni-muenchen.de/14902/1/MPRA_paper_14902.pdf
MPRA_paper_14902.pdf, 207,68 kB
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economic aspects of the arts, public expenditures for the arts, the value of arts
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