Argues that economics provides tools for measuring the intrinsic as well as instrumental value of art in a way that is acceptable to the Treasury. Suggests that reluctance to use rigorous economic methods has hindered rather than helped the case for the arts. “The solution is not to exempt arts spending from economic criteria, but to improve the economic practice used to judge such spending.”
- Contributors:
- Hasan Bakhshi, Alan Freeman and Graham Hitchen
- Publisher:
- Mission Models Money
- Date:
- 2009
