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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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Recent Comments

  • Michael Rushton on We cannot quantify the richness of a nation’s literary life: “I try to make a point of not being a part of the “we” you describe.” Sep 9, 07:45
  • Brian Newhouse on We cannot quantify the richness of a nation’s literary life: “What we have lost these past twenty years–though I would push the beginning of the loss back to 1980–isn’t the…” Sep 9, 07:42
  • Brian Newhouse on Gut Punch: “That too. Politics in art isn’t a matter of having the right position on an issue, but the matter of…” Jun 10, 02:19
  • Michael Rushton on Gut Punch: “I agree. There can be interesting art about politics, but, if I recall correctly as said by Tom Stoppard, the…” Jun 9, 11:27
  • Brian Newhouse on Gut Punch: “Naveen Kumar has a very narrow view of what “big questions” are.; but that’s par for the course these days.…” Jun 9, 10:15
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