October 4, 2011
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Why are incomes in the arts so low? As an artist, I surmised that low incomes in the arts are due to under consumption, people are not interested enough in art. As an economist, however, I pointed out that the … Continue reading
October 3, 2011
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Just because top incomes in the arts exceed those in other professions does not mean that the average income of artists is also higher. On the contrary, evidence indicates that the average income among artists is lower than in comparable … Continue reading
September 26, 2011
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The visual art market is a deep-pocket market. It offers a good opportunity for us to discuss the possible deviations between aesthetic and market value. In numerous countries over the last decades, a divergence between market and aesthetic value has … Continue reading
September 21, 2011
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Before embarking on a discussion of the relationship between aesthetic and economic value, the meanings of these terms should be clarified. Aesthetic value is what experts call aesthetic value. The experts include artists, critics, mediators, and consumers with authority in … Continue reading
September 13, 2011
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Is giving more honorable than trading? And if so, why? Why does the gift sphere represent high values and the market low values? Lets find out more about arts which is giving that not meant to be sold. Both gift … Continue reading