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Application of Welfare Economics To The Arts by Juan Arroyo is a document available to read on EtoBox.
What is Application of Welfare Economics To The Arts about?
The document discusses rationales for public funding of the arts based on welfare economics. It outlines several arguments economists have used to justify public support, including equality of opportunity, external benefits, culture as a public good, supporting new art forms, cultural reputation, and the idea that some goods merit support due to their worth. However, it notes that while these arguments provide some validity for funding, they may not constitute an overwhelming case when other activities also
- Author
- Juan Arroyo
- Language
- EN