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For What It's Worth

Michael Rushton on pricing the arts

Economic impact / Job creation arguments for public policy are terrible, episode 647.

October 26, 2023 by Michael Rushton Leave a Comment

Reasonable people can disagree on the amount of military support the US ought to give to Ukraine. But no reasonable person can think that the costs of this are actually benefits in terms of spending and US job creation.

The benefit to the public of the arts is the arts, not the money that we spend on the arts. The benefit to the public of aid to Ukraine is the aid to Ukraine, not the money that was spent on providing that aid.

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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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  • aipriceguide on Should there be a tax deduction for donating to the nonprofit arts?: “I’d love to take you up on your offer for a copy of that *Cultural Trends* article, as the relationship…” May 20, 09:24
  • antonio c. cuyler on Classical education will not turn students into virtuous adults: “Yet an anti-data center movement has seemed to unite us, Michael. Or maybe “we the people” are not as divided…” May 5, 08:20
  • antonio c. cuyler on Should there be a tax deduction for donating to the nonprofit arts?: “Hello, Michael, I appreciate the consistency in your responses. We interpret the policy differently based on our biases and subjectivities.…” Mar 20, 10:07
  • Michael Rushton on Should there be a tax deduction for donating to the nonprofit arts?: “Hello Antonio, I appreciate your comments. I’ll tackle your questions in order. First, here is the IRS: “It has long…” Mar 15, 13:46
  • antonio c. cuyler on Should there be a tax deduction for donating to the nonprofit arts?: “I appreciate the systematic simplicity of your analysis, Michael. I take it that you believe conserving the system, with a…” Mar 15, 08:21
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