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Measuring Intrinsic Value – How to Stop Worrying and Love Economics

Autor: Lidia Varbanova - Data: 22 cze 2009, 18:04

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 This paper offers a provocative reconsideration of the outdated and poorly-informed prejudices that lie behind this reluctance.

application/pdfMPRA_paper_14902.pdf, 207,68 kB


Autor(rzy): Hasan Bakhshi Alan Freeman Graham Hitchen
Wydawca: Published electronically by Mission Models Money
Rok wydania: 2008

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Zakres tematyczny:
Ekonomia kultury

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