By Ruth Towse
What determines the fee drop of a pop live performance or an opera? Why does Hollywood dominate the movie undefined? Does unlawful downloading harm the checklist undefined? Does unfastened access to museums carry extra viewers? In A Textbook of Cultural Economics, one of many world's major cultural economists indicates how we will use the theories and strategies of economics to respond to those and a bunch of alternative questions about the arts (performing arts, visible arts, and literature), history (museums and equipped historical past) and inventive industries (the song, publishing, and movie industries, broadcasting). utilizing overseas examples and protecting the main updated study, the e-book doesn't imagine a previous wisdom of economics. it really is supreme for college kids taking a path at the economics of arts as a part of an arts management, enterprise, administration, or economics measure.
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Extra info for A Textbook of Cultural Economics
Markets are both real and virtual: online buying and selling, such as downloading a track on iTunes or buying a book online, is just as much a market as a car boot sale or a shop. Not all goods and services are sold for a price, though: a few are made available to people without payment and their supply is provided by some organisation that is ﬁnanced not by the money from sales but from a source such as taxes or gifts. Entry to a national museum may not be charged for, nor is going to school, but these services are not free, because their production takes up resources that have other uses, and therefore the question of how much of them to produce and how much to spend in doing so is an economic one.
Cultural sociologists study some of the same topics that cultural economists do. It can fairly be said that they have displayed far more interest in the cultural industries than economists have. Sociologists have also studied artists’ labour markets and participation in the arts, for instance. Because of their different intellectual backgrounds, economists and sociologists may draw different implications from their research; for example, the study of artists’ career development in sociology relates it to the 10 General issues in cultural economics role of professionalism, whereas the economist might relate it to the study of incentive structures.
Various types of government intervention Modes of ﬁnance of cultural facilities vary between countries; some are owned outright by the state and managed by the public administration, others are supported by direct grants of ﬁnancial subsidy and/or by indirect ﬁnancial means, such as reduced taxation. Regulation – the use of rules and laws – is also used to steer the way the private market works. Regulation is widely used in preserving built heritage while copyright and other intellectual property laws apply in all the creative industries.