Handbook of the Economics of Art and Culture book cover

Handbook of the Economics of Art and Culture

This volume emphasizes the economic aspects of art and culture, a relatively new field that poses inherent problems for economics, with its quantitative concepts and tools. Building bridges across disciplines such as management, art history, art philosophy, sociology, and law, editors Victor Ginsburgh and David Throsby assemble chapters that yield new perspectives on the supply and demand for artistic services, the contribution of the arts sector to the economy, and the roles that public policies play. With its focus on culture rather than the arts, Ginsburgh and Throsby bring new clarity and definition to this rapidly growing area.


Graduate students and professors worldwide working in all subdisciplines of economics and finance.

Included in series
Handbooks in Economics

Hardbound, 704 Pages

Published: September 2013

Imprint: North-holland

ISBN: 978-0-444-53776-8


  • "This handbook is situated at the very cutting edge of modern economics: the place where rational thought and the idea of culture meet, mix and invite to new exciting theories. Add to this a deep concern with culture in the form of art, and you have a book that becomes extra interesting and important - to general readers, social scientists and good libraries." --Richard Swedberg, Cornell University

    "This book is an actual encyclopedia of creativity in a disguise of collected papers. It is enjoyable like a product of creative art, valuable as a stimulus of mind and useful mentor in the process of our problem solving. It is worth reading."--Istvan Magyari-Beck, Corvinus University of Budapest and New York State University College at Buffalo, New York

    "Victor Ginsburgh and David Throsby have prepared an edited volume that will quickly become the standard resource in the field of cultural economics.  This carefully constructed work provides both the breadth of subjects and detailed analysis necessary for teachers, researchers, practitioners, and students, with topics ranging from creative genius to the pricing of rock concerts."  --Kathryn Graddy, Brandeis University


  • 1. Introduction and overview   
    Victor A. Ginsburgh and David Throsby

    PART I. Value and evaluation in art and culture

    2. Creative genius in literature, music and the visual arts   
    Dean Keith Simonton

    3. Contemporary experimental aesthetics: Procedures and findings 
    Paul J. Locher

    4. The economic and cultural value of paintings: Some empirical evidence  
    David Throsby and Anita Zednik

    5. Values of music
    Jerrold Levinson

    6. The economics of cultural awards   
    James F. English

    7. The use of stated preference methods to value cultural heritage   
    Ken G. Willis

    PART II. Demand, consumption and investment

    8. Bestsellers and blockbusters: Movies, music and books  
    W.D. Walls

    9. New technologies and cultural consumption  
    Jason Potts

    10. Investment in visual art: Evidence from international transactions 
    Benjamin R. Mandel

    PART III. Innovation and technological change

    11. Cultural innovation by cultural organizations   
    Xavier Castañer

    12. Digitization, copyright, and the flow of new music products   
    Joel Waldfogel

    13. The pricing of art and the art of pricing: Pricing styles in the concert industry   
    Pascal Courty and Mario Pagliero

    14. Media ownership: Diversity versus efficiency in a changing technological environment
    Gillian Doyle

    PART IV. Trade, development, and cultural diversity

    15. Cultural products in the international trading system   
    P. Lelio Iapadre

    16. Cultural diversity, copyright and international trade  
    Fiona Macmillan

    17. Trade and cultural diversity  
    Alberto Bisin and Thierry Verdier

    18. Cultural diversity, conflict, and economic development  
    José G. Montalvo and Marta Reynal-Querol

    19. Culture, linguistic diversity, and economics  
    Victor Ginsburgh and Shlomo Weber

    PART V. Broader cultural issues

    20. National culture as value orientations: Consequences of value differences and cultural distance  
    Shalom H. Schwartz

    21. Religion, culture, and development  
    Gani Aldashev and Jean-Philippe Platteau

    22. Strategic interactions between modern law and custom  
    Jean-Philippe Platteau and Zaki Wahhaj


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