An Economic Theory of Avant-Garde and Popular Art, or High and Low Culture
AbstractArtists face choices between the pecuniary benefits of selling to the market and the nonpecuniary benefits of creating to please their own tastes. We examine how changes in wages, lump-sum income, and capital-labor ratios affect the artist’s pursuit of self-satisfaction versus market sales. Using our model of labor supply, we consider the economic forces behind the high/low culture split, why some artistic media offer greater scope for the avant-garde than others, why so many artists dislike the market, and how economic growth and taxation affect the quantity and form of different kinds of art.
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoArticle provided by Southern Economic Association in its journal Southern Economic Journal.
Volume (Year): 67 (2000)
Issue (Month): 2 (July)
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Alex Tabarrok, 1998. "V. A. Ginsburgh and P.-M. Menger (eds.), Economics of the Arts: Selected Essays," Journal of Cultural Economics, Springer, vol. 22(4), pages 285-287, December.
- Alessandro Balestrino, 2009.
"Kind of Black: The Musicians' Labour Market in Italy,"
CESifo Working Paper Series
2769, CESifo Group Munich.
- Alessandro Balestrino, 2012. "Kind of Black: The Musicians' Labour Market in Italy," LABOUR, CEIS, vol. 26(4), pages 472-491, December.
- Edward Castronova, . "Achievement Bias in the Evolution of Preferences," Gruter Institute Working Papers on Law, Economics, and Evolutionary Biology 2-1-1010, Berkeley Electronic Press.
- David Throsby, 2006. "An Artistic Production Function: Theory and an Application to Australian Visual Artists," Journal of Cultural Economics, Springer, vol. 30(1), pages 1-14, March.
- Allan, Corey & Grimes, Arthur & Kerr, Suzi, 2013. "Value and Culture," Working Papers 13_09, Motu Economic and Public Policy Research.
- Bryan Caplan, 1998. "Michael H. Kater, The Twisted Muse: Musicians and Their Music in the Third Reich," Journal of Cultural Economics, Springer, vol. 22(4), pages 287-289, December.
- Edward Castronova, 2004. "Achievement Bias in the Evolution of Preferences," Journal of Bioeconomics, Springer, vol. 6(2), pages 195-226, May.
- Cellini, Roberto & Cuccia, Tiziana, 2007. "Information externality in the arts and the public intervention: a brief note," MPRA Paper 5193, University Library of Munich, Germany.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Laura Razzolini).
If references are entirely missing, you can add them using this form.