Do Artists Suffer From a Cost-Disease

Bibliographic Data

ID5917606
AuthorsTyler Cowen (George Mason University, corresponding author), Robin Grier (0000-0002-5123-8495, Agricultural & Applied Economics Association)
Year1996
Volume8
Issue1
Pages5-24
Publication date1996-02-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueRationality and Society (JOURNAL)
Journal identifiersISSN: 1043-4631 • E-ISSN: 1461-7358
PublisherSAGE Publications Inc (PUBLISHER)
DOI10.1177/104346396008001001
OpenAlexW2000951495
LanguageEN
Citations received6
References cited13

We consider the Baumol-Bowen cost-disease argument from the perspective of an artist's occupational choice. Both theory and evidence suggest that the incentives to create art do not diminish and probably increase in a growing market economy. First, countervailing factors may check or limit the operation of the cost-disease. Second, artists can increase their productivity by generating new ideas. New ideas provide the base for all productivity improvements, whether in the arts or in industry. Third, the arts are not necessarily labor-intensive, as cost-disease proponents allege. Fourth, the available statistical evidence implies that economic growth has favorable effects on artistic production

Art · Economic growth · Economics · Incentive · Microeconomics · Political science · Productivity · Public economics · The arts · Visual arts · Economic Growth and Productivity · Fiscal Policy and Economic Growth · Law · Medicine · Regional Economics and Spatial Analysis

Tools

Open DOISci-Hub