To put the ARTS & ECONOMICS next to each other, as in the title to this book, may be shocking to some readers. There is a second way in which the Arts and Economics go together, namely in the sense of applying economic thinking to the arts.
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.