November 21, 2011
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Arts-related jobs such as teaching art differ in a number of respects from non-arts jobs. Teaching art usually pays better and offers more satisfaction than, for instance, cleaning. Therefore, it is understandable that when artists start to earn more they … Continue reading
November 8, 2011
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It is important to realize that the thesis that more money leads to more artists and not higher incomes, doesn’t only mean subsidies but all forms of income. Nevertheless, in the following sections I shall concentrate on subsidization (including social … Continue reading
October 25, 2011
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There are a number of stories in circulation about famous artists who died extremely poor. People tend to remember these stories, because they fit the present mythology of the arts. Nevertheless, the biographies of famous artists from the past are … Continue reading
October 25, 2011
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If average artists would have an above average inclination to take risks, the big prizes in the winner-takes-all art market make the arts even more attractive. Even more youngsters enter the art world and consequently the average income is lower … Continue reading
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