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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... dollars.3 More technically, I define the economic approach in terms of standard microeconomics and Paretian welfare economics. Economists measure value in terms of willingness to pay or willingness to be paid. The aesthetic approach ...
... dollar-valued benefits outweigh their dollar-valued costs. The Federal Writers' Project of the New Deal supported ... dollars for the year 2000, this amounts to $337,500 per publication, or $337.5 million for the total. While some of ...
... dollars in economic value. But these studies typically treat arts expenditures as creating value out of nothing. Implicitly it is assumed that if the money had not been spent on the arts, no other economic or social values would have ...
... dollar leads to a creation of several dollars' worth of value. To provide an example, the construction of an arts arena helps nearby restaurants, which in turn increases the demand for waiters, which in turn sends more money into the ...
... dollars (keep in mind that most poor Americans do not pay income taxes at all). Most people have some amount of financial slack built into their plans. They die before spending all their money and do not care whether their bequest to ...
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 |