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Arts and artists from an economic perspective

Author

Listed:
  • Xavier Greffe

    (MATISSE - UMR 8595 - Modélisation Appliquée, Trajectoires Institutionnelles et Stratégies Socio-Économiques - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique)

Abstract

Arts and Artists from an Economic Perspective examines the relationship between fine art and economics. Author considers the impact of fine arts on economic growth and development and identifies the economic factors that can affect the emergence, success and disappearance of artistic activities. He begins with an analysis of the art market where the players involved cannot be measured by standard economic yardsticks. He further explores the various dynamic processes influencing the development of the artistic sector such as: a revolving compromise between heritage and creation; a continuous passage between an original work of art and the products of cultural industries; and a constant shift between for-profit and not-for-profit institutions.Author provides a way to evaluate art from an economic perspective that explains both the creation and development of art without judging its existence purely in terms of economic logic.

Suggested Citation

  • Xavier Greffe, 2002. "Arts and artists from an economic perspective," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00272088, HAL.
    • Handle: RePEc:hal:cesptp:halshs-00272088
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    Cited by:

    1. Marco Mundelius & Wencke Hertzsch, 2005. "Networks in Berlin’s Music Industry – A Spatial Analysis," ERSA conference papers ersa05p534, European Regional Science Association.
    2. Riikka Penttinen, 2006. "Where Art Thou? Regional Distribution of Culture Workers in Finland," ERSA conference papers ersa06p175, European Regional Science Association.
    3. Vecco, Marilena & Prieto-Rodriguez, Juan & Teerink, Simone, 2024. "Climbing the ladder? The gender gap in art prices across artists’ cohorts in the Dutch art market," European Economic Review, Elsevier, vol. 163(C).

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