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Books > Business & Economics > Industry & industrial studies > Civil service & public sector
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The Economics of Experiences, the Arts and Entertainment (Hardcover)
Loot Price: R2,997
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The Economics of Experiences, the Arts and Entertainment (Hardcover)
Expected to ship within 10 - 15 working days
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The Economics of Experiences, the Arts and Entertainment serves as
a welcome and unique introduction to various economic aspects of
the production and consumption of art and entertainment products.
The book begins with analyses and discussion of neoclassical
production and utility functions, with a focus on art and
entertainment as instances of experience goods or services. The
authors then go on to present alternative Austrian and
institutional approaches which focus on the role of creative
entrepreneurs in the market process. Aesthetic and psychological
theories are also discussed with a focus on their impact on
producers' and consumers' decisions, as well as historical examples
of creative centres, such as Renaissance Florence and Post World
War II New York. One important conclusion reached in the book is
that there is no economically meaningful way to distinguish art
from entertainment, if such a distinction is to be based on the
inherent qualities of products. Instead, an analysis of the
activities of interest groups, politicians and other gatekeepers to
the world of the arts serves to illuminate how a designation as art
serves to abolish market prices and suppress competition, in
contrast to the much less distorted market for entertainment
products. David and Ake E. Andersson's path-breaking book will
appeal to scholars and researchers at all levels of academe
involved in economics, public sector economics and those with a
special interest in art and/or entertainment. Public and private
sector managers, planners and administrators in various art and
entertainment industries will also find much to engage them within
this book.
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