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For What It's Worth

Michael Rushton on pricing the arts

On the hidden economics of live theatre

April 18, 2025 by Michael Rushton Leave a Comment

Freakonomics Radio has a new three part series on the economic landscape facing live theatre. Part One is here, and part two is here, which as a supporting act in an episode with Lin-Manuel Miranda, has me trying to coherently explain cost disease in the theatre, where it comes from and its implications. Part three will come next week, but if I say so myself it is a really informative series so far.

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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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