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An Economic Theory of Avant-Garde and Popular Art, or High and Low Culture

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Author Info

  • Tyler Cowen
  • Alexander Tabarrok

Abstract

Artists 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.

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Bibliographic Info

Article provided by Southern Economic Association in its journal Southern Economic Journal.

Volume (Year): 67 (2000)
Issue (Month): 2 (July)
Pages: 232-253

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Handle: RePEc:sej:ancoec:v:67:2:y:2000:p:232-253

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Web page: http://www.southerneconomic.org/
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Cited by:
  1. 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.
  2. Alessandro Balestrino, 2009. "Kind of Black: The Musicians' Labour Market in Italy," CESifo Working Paper Series 2769, CESifo Group Munich.
  3. 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.
  4. Edward Castronova, 2004. "Achievement Bias in the Evolution of Preferences," Journal of Bioeconomics, Springer, vol. 6(2), pages 195-226, May.
  5. 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.
  6. 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.
  7. 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.

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