Artists and arts leaders should challenge orthodox micro and macro frameworks, demand better intelligence on how our economy works, and propose fruitful government roles in managing and regulating it.This piece is an expanded version of “Lessen Stimulus Confusion: Bring on the Mezzo-economists,” an op ed that ran in the MinnPost on March 24, 2009.Ann Markusen is an economist and professor and director of the Project on Regional and Industrial Economics at the Humphrey Institute of Public Affairs, University of Minnesota.Black Arts & Cultural Funding and Justice Resource Hub,COVID-19 Response & Resources: Programs, updates, and actions for arts funders.As we consider the present state of arts and culture philanthropy, we are at critical juncture and have an opportunity to build towards the “radical” new normal that underestimated communities deserve. development angle include arts trails, arts incubators, and arts Applied labor economists have found that higher minimum wages, despite free market logic, do not result in fewer jobs.
Wassily Leontief, whose inter-industry input-output models enabled the Roosevelt administration to direct production investments during World War II and whose progeny are helping us understand how environmental pollution intersects with industry production. They aren’t supposed to fail, and if they do, government meddling is at fault (Milton Friedman was famous for this logic).However, many markets are highly imperfect, and if assumptions like perfect information and no degree of monopoly aren’t met, a strong case can be made for public regulation.
performance organizations are not a panacea for everything wrong with Compared to most other groups of workers, artists are more apt to spend what they make rapidly and on other goods and services in the local economy: ongoing training; space to work, perform, and exhibit; other artists’ work. Shouldn’t the US Department of Commerce research the cultural industries, including nonprofit enterprises, the way it studies and publishes reports on aerospace, auto, construction, energy, health, metals, and textile industries?
Art and culture at their very core serve as some of the most significant, dynamic, participation, and social influences of human behavior and interaction.
Health care is important, but jobs and viable self-employment are the major ways that people support themselves in modern society. Instead of asking for small percentage increases limited to nonprofit arts funding, imagine approaching Congress, state legislatures, and the public with the kind of legitimacy that high tech or health care or transportation has, in all cases the result of strong alliances between for-profit, nonprofit, university, and community interests.How could good mezzo-economic analysis help such a change of course for the arts? As a matter of fact, economics is defined as physical science which uses various computations to analyze trends in the market.
Also, a lot of the money spent in the arts sectors comes from government to begin with, through NEA and state arts agency funding, local government commitments, and the generous tax exemption for philanthropy.But economic impact studies do their greatest damage by imposing tunnel vision on the public’s understanding of arts economics.
Protected by Copyscape Plagiarism Checker.Site is not legal advice. Also important to you at the local level, about 32 percent of audiences traveled from outside the county.How to foster the development of arts and economic development differs
OK, we got a good bump-up in the tiny NEA budget, confined to nonprofit arts organizations, plus some funding for arts education to employ some artists. employment, tourism, or old buildings in your community, incorporate district), tax credits, and donations of land or vacant buildings.At other times the program is aimed at individual artists
Most cities can’t afford research and evaluation, and few states can either.On another front, what if, as President Obama has suggested, we eliminate the charitable income tax break?
considerably with funding and technical assistance for start-up Many local people patronizing arts establishments would have spent the same discretionary income on other forms of entertainment or leisure.
Following the mid twentieth century’s wildly successful prescriptions of John Maynard Keynes, they counsel that government should act as consumer of last resort, borrowing and spending to keep the economy moving. you list as contributing to your arts district.In terms of over-inclusiveness in marketing, we think,Dig into some of these examples, Insist on new public initiatives? Every month more people are laid off, unemployment mounts, and thousands of small businesses, including those headed by artists, collapse. All rights reserved. While visual artists and
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