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Economics and the Arts: A Review of Seven Years *
Author(s) -
THROSBY C. D.
Publication year - 1982
Publication title -
economic record
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.365
H-Index - 42
eISSN - 1475-4932
pISSN - 0013-0249
DOI - 10.1111/j.1475-4932.1982.tb00372.x
Subject(s) - the arts , work (physics) , consumption (sociology) , government (linguistics) , economics , relevance (law) , goods and services , quality (philosophy) , cultural economics , production (economics) , public economics , sociology , political science , economy , social science , microeconomics , engineering , mechanical engineering , linguistics , philosophy , epistemology , law
Contributions to the literature on the economics of the arts are reviewed covering the period 1975 to date. It is argued that although the work surveyed is uneven in quality and incomplete in its coverage, it has made sufficient impact to establish the economics of the arts as a significant area in the development of economic theory and analysis. The paper assesses the importance and relevance of work carried out in four broad areas of study: the role of government in arts markets; the operations of funding agencies; the production of arts goods and services; and consumer behaviour and demand for private consumption in the arts.