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For What It's Worth

Michael Rushton on pricing the arts

The economic impact of everything, continued

May 1, 2014 by Michael Rushton 1 Comment

multiplier effects!I would say I’m not sure anyone will ever top this, but who can predict? Press Progress reports on a document produced by Kinder Morgan, on the beneficial economic impact of … oil spills. The report reads:

Words fail. H/T Charles Pierce @ESQPolitics

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  1. ArtsJournal – Top Posts From AJBlogs 05.01.14 says:
    May 1, 2014 at 11:57 pm

    […] Cherry-picking Culture Track 2014 AJBlog: Real Clear Arts | Published 2014-05-02 The economic impact of everything, continued AJBlog: For What it’s Worth | Published 2014-05-01 Daniel Barenboim: ‘You can use music […]

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Michael Rushton

Michael Rushton taught in the Arts Administration programs at Indiana University, and lives in Bloomington. An economist by training, he has published widely on such topics as public funding of the … MORE

About For What It’s Worth

What’s the price? Everything has one; admission, subscriptions, memberships, special exhibitions, box seats, refreshments, souvenirs, and on and on – a full menu. What the price is matters. Generally, nonprofit arts organizations in the US receive about half of their revenue as “earned income,” and … [Read More...]

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Recent Comments

  • antonio c. cuyler on Equality, the arts, and the problem of expensive tastes: “I applaud your courage in dissenting, Michael, even if it may place you at odds with the sector. I also…” Feb 2, 10:57
  • Michael Rushton on Equality, the arts, and the problem of expensive tastes: “Thank you David. In terms of costs, the quick, and I think too-easy answer, is cost-disease, which affects any sector,…” Feb 1, 15:04
  • David E. Myers on Equality, the arts, and the problem of expensive tastes: “Hi Michael, Always grateful for your perspectives, though as you know, I do not always agree. At the risk of…” Feb 1, 11:16
  • Michael Rushton on Equality, the arts, and the problem of expensive tastes: “Thank you, antonio. There’s a lot here – I’ll answer bit by bit… 1. I’m not sure the “equality vs…” Jan 29, 09:43
  • antonio c. cuyler on Equality, the arts, and the problem of expensive tastes: “As economists educated to believe that “some inequality” is not bad, I appreciate reading how you and Robert Reich think…” Jan 29, 09:21
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