Is it possible that the powers of the social group that leading experts belong to are different from those of consumers? On average art consumers are part of a social group that has relatively more economic capital (wealth) and income … Continue reading →
Social variables are essential in this book’s approach to the economy of the arts. Nevertheless, the term ‘social’ does not really exist in the traditional economic approach. This approach is based on individual preferences. Although individual preferences do get funneled … Continue reading →