February 15, 2012
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Due to informal barriers the arts are structured and partly monopolized, but the structuring is informal and difficult to discern. Informal monopolization causes a reduction in risks for artists in privileged areas, while risks are higher for artists outside these … 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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It is fairly evident that most rich and civilized societies find it intolerable that some of their citizens live below the accepted poverty level. Especially in Europe governments see it as their first responsibility that people have enough money to … 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 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