Economics of Art and Culture
by Bruno S. Frey  (Author)

About the Author
Bruno S. Frey is a Permanent Visiting Professor at the University of Basel and Research Director at CREMA – Center for Research in Economics, Management and the Arts, Zurich. He was previously a Professor at the Universities of Constance, Zurich, Chicago, Warwick and Friedrichshafen, and he has been awarded five honorary doctorates in five countries. Frey has published 23 books and more than 600 articles in scholarly journals.

About this book
This book studies the relationship between the arts and the economy. By applying economic thinking to arts and culture, it analyses markets for art and cultural goods, highlights specific facets of art auctions and discusses determinants of the economic success of artists. The author also sheds new light on various cultural areas, such as the performing and visual arts, festivals, films, museums and cultural heritage. Lastly, the book discusses cultural policies, the role of the state in financing culture, and the relationship between the arts and happiness.

Brief contents
Part I Introduction
1 What Is the Economics of Art and Culture? 3
Part II Aspects
2 The Social Value of Art 15
3 Art Markets and Auctions 21
4 The Artists’ Labour Market 31
5 Reproductions in Art 39
Part III Areas
6 Creative Cultural Economy. 49
7 The Performing Arts 53
8 Festivals 63
9 Films 71
10 Museums 77
11 Superstar Museums and Special Exhibitions 89
12 Cultural Heritage 97
13 UNESCO World Heritage List 103
14 Cultural Tourism 115
Part IV Cultural Policy
15 Public Support of the Arts 123
16 Does Art Make Us Happy? 131

Series: SpringerBriefs in Economics
Pages: 148
Publisher: Springer; 1st ed. 2019 edition (April 1, 2019)
Language: English
ISBN-10: 3030157474
ISBN-13: 978-3030157470