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Culture and Commerce

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  • Martin Shubik

Abstract

The cost aspects of supplying cultural goods and services have raised many basic questions concerning the economic activity of cultural institutions. There is more or less a consensus that the same criteria that apply to the cost aspects of any business also apply to cultural institutions. The nature of the products supplied and the stress on revenues earned are different. A key question to be asked by each society is how to balance the product mix offered by its cultural institutions taking into consideration both the societal valuation of the public goods provided and the earning potential of the institution. This essay examines some of the questions that occur at this intersection of culture and commerce. Copyright Kluwer Academic Publishers 1999

Suggested Citation

  • Martin Shubik, 1999. "Culture and Commerce," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 23(1), pages 13-30, March.
    • Handle: RePEc:kap:jculte:v:23:y:1999:i:1:p:13-30
    DOI: 10.1023/A:1007558916910
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    References listed on IDEAS

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    1. Peter Temin, 1991. "An Economic History of American Art Museums," NBER Chapters, in: The Economics of Art Museums, pages 179-194, National Bureau of Economic Research, Inc.
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    Cited by:

    1. Pamela Samuelson, 1999. "Implications of the Agreement on Trade Related Aspects of Intellectual Property Rights for Cultural Dimensions of National Copyright Laws," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 23(1), pages 95-107, March.
    2. Bardt Hubertus & Bardt Juliane, 2006. "Kunstunternehmer im Spannungsfeld zwischen Kunst und Marktwirtschaft / Art Entrepreneurs between Arts and Markets," ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, De Gruyter, vol. 57(1), pages 241-259, January.
    3. Pauget, Bertrand & Tobelem, Jean-Michel & Bootz, Jean-Philippe, 2021. "The future of French museums in 2030," Technological Forecasting and Social Change, Elsevier, vol. 162(C).

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