Arts and artists from an economic perspective

Xavier Greffe ()
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Xavier Greffe: MATISSE - UMR 8595 - Modélisation Appliquée, Trajectoires Institutionnelles et Stratégies Socio-Économiques - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique

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Abstract: Arts and Artists from an Economic Perspective examines the relationship between fine art and economics. Author considers the impact of fine arts on economic growth and development and identifies the economic factors that can affect the emergence, success and disappearance of artistic activities. He begins with an analysis of the art market where the players involved cannot be measured by standard economic yardsticks. He further explores the various dynamic processes influencing the development of the artistic sector such as: a revolving compromise between heritage and creation; a continuous passage between an original work of art and the products of cultural industries; and a constant shift between for-profit and not-for-profit institutions.Author provides a way to evaluate art from an economic perspective that explains both the creation and development of art without judging its existence purely in terms of economic logic.

Keywords: Arts; artists; artistic markets; cultural industries; heritage; cultural policy (search for similar items in EconPapers)
Date: 2002
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Published in Economica / Unesco Publishing, pp.312, 2002

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00272088

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