November 23, 2011
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Do gifts depend on power? Just as everyone’s purchasing power is not the same, there are also a variety of capacities to give or ‘powers to give’. Some people simply have more resources and thus effectively wield more power to … Continue reading
November 8, 2011
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poverty is built into the arts and that any extra money for the arts has little effect on income and only leads to increased numbers of artists refers to the long term and to the sum of all subsidies, donations, … 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