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Ilya Repin, portrait of Pavel Tretyakov, 1901. The contemporary economics of culture most often takes as its starting point Baumol and Bowen's [1] seminal work on the performing arts, which argues that reflection on the arts has been part of the history of economic thought since the birth of modern economics in the seventeenth century.
This summary has been divided into sections on the economic study of the performing arts, on the market of individual pieces of art, the art market in cultural industries, the economics of cultural heritage and the labour market in the art sector.
In her 1970 book Meaning and Expression: Toward a Sociology of Art, Hanna Deinhard gives one approach: "The point of departure of the sociology of art is the question: How is it possible that works of art, which always originate as products of human activity within a particular time and society and for a particular time, society, or function -- even though they are not necessarily produced as ...
How Art Made the World is a 2005 five-part BBC One documentary series, with each episode looking at the influence of art on the current day situation of our society. [ 1 ] [ 2 ] "The essential premise of the show," according to Nigel Spivey , "is that of all the defining characteristics of humanity as a species, none is more basic than the ...
[citation needed] The indigenous art of Australia often looks like abstract modern art, but it has deep roots in local culture. The art of Oceania is the last great tradition of art to be appreciated by the world at large. Despite being one of the longest continuous traditions of art in the world, dating back at least fifty millennia, it ...
An art auction at Christie's. The art market is the marketplace of buyers and sellers trading commodities, services, and works of art.. The art market follows an economic model that considers more than supply and demand; it is a market where art is bought and sold for values based not only on a work's perceived cultural value, but on its past monetary value as well as its predicted future value.
A strong relationship between the arts and politics, particularly between various kinds of art and power, occurs across historical epochs and cultures.As they respond to contemporaneous events and politics, the arts take on political as well as social dimensions, becoming themselves a focus of controversy and even a force of political as well as social change.
Social practice or socially engaged practice [1] in the arts focuses on community engagement through a range of art media, human interaction and social discourse. [2] While the term social practice has been used in the social sciences to refer to a fundamental property of human interaction, it has also been used to describe community-based arts practices such as relational aesthetics, [3] [4 ...