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The Price of Everything
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Arts and culture are part of the broad subset of economic activities that are afforded special treatment – usually within the ambit of a government ministry – by some claim to special circumstances or…
The relationship between the art world and the market economy has long been one of Sturm und Drang. Deep down, a battle of weltanschauung plays out between light and dark, sky and earth, imagination and…
Last Friday, the Australia Council announced what it called “a $112 million investment over four years to focus on small and medium sized arts companies”. Let’s skip past the misleading polly-speak use…
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I was at the Blockchain Workshop in Sydney last week, whereupon among many wondrous things I did happen to see the very future of the arts economy in what Primavera De Filippi, a researcher at the Harvard…
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‘If these index findings are indeed true then our economic and cultural performance, our overall prosperity, should be better than it is.’
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Quadratic voting it is an efficient and equitable collective decision mechanism.
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Back in 2012, Amanda Palmer was the first person to break US$1,000,000 in crowdfunding on Kickstarter. In doing so, and since, she’s answered the question: what is the internet for?
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The Victorian state government has set up a Creative Industries Taskforce that will, as the media release explains, “steer the future of Victoria’s A$22.7 billion creative industries”. At least they didn’t…
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Unlike in Europe and Australia, the Japanese central government is relatively uninvolved in cultural funding, and there is little to incentivise private philanthropy. So how do they manage?
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One of my Phd students is studying how parents make decisions about education for their children (you can participate in his survey here). We economists treat this as a problem of investment under uncertainty…