Good and Plenty: The Creative Successes of American Arts FundingPrinceton University Press, 2009 M01 10 - 216 pages Americans agree about government arts funding in the way the women in the old joke agree about the food at the wedding: it's terrible--and such small portions! Americans typically either want to abolish the National Endowment for the Arts, or they believe that public arts funding should be dramatically increased because the arts cannot survive in the free market. It would take a lover of the arts who is also a libertarian economist to bridge such a gap. Enter Tyler Cowen. In this book he argues why the U.S. way of funding the arts, while largely indirect, results not in the terrible and the small but in Good and Plenty--and how it could result in even more and better. |
From inside the book
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... argument for an externality at the relevant margin. The arts in general, by bringing “sweetness and light” into our lives, make the world a much better place, above and beyond what we have paid for them. This point, however, does not ...
... argument and the free-lunch argument. I will downgrade their importance, and they will not reemerge as factors to shape policy. Later parts of this chapter proceed to two issues—the decentralization argument and the prestige argument ...
... Argument Many externalities arguments fail to establish a strong case for government subsidies. For instance subsidy advocates frequently cite the economic benefits of a healthy artistic community for a city. The arts generate ...
... argument goes, the expenditure of a single dollar on the arts arena might create three or four dollars of value, once the money filters through the economy. Even if we accept the logic behind the multiplier effect, it does not ...
... argument absurd. Nonetheless it reemerges frequently in the intuitions of art lovers, so let us look at it more carefully, distinguishing between more and less extreme forms of the argument. Under the more extreme argument, the taxes ...
Contents
1 | |
The Genius of the American System | 31 |
Are They Too Conservative? | 65 |
4 Copyright and the Future of Decentralized Incentives | 101 |
5 Toward a Beautiful and Liberal Future | 133 |
Notes | 153 |
References | 169 |
Index | 189 |
Other editions - View all
Good and Plenty: The Creative Successes of American Arts Funding Tyler Cowen No preview available - 2010 |
Good & Plenty: The Creative Successes of American Arts Funding Tyler Cowen No preview available - 2006 |