POLITICAL NATURE OF ARTS, ART PRODUCTION, MARKET MECHANISM AND STATE

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Sacit Hadi AKDEDE

Abstract

The paper investigates the relationship between the methods of funding of arts and the political nature of arts. Firstly, it is explained why state should subsidize the art production according to neo-classical economics theory. Then, various arts are classified and ordered according to their degree of politicness.  Arts that depend on more written text and words, such as theater, are more political in nature compared to the arts that do not depend on written text and word, such as classical music. The relationship between art and state along with  the relationship between arts and market mechanism is investigated. It is found that state and foundations subsidize the arts with low degree of politicness.


JEL Classification:  Z01

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How to Cite
AKDEDE, S. (2018). POLITICAL NATURE OF ARTS, ART PRODUCTION, MARKET MECHANISM AND STATE. JOURNAL OF LIFE ECONOMICS, 5(2), 1-16. https://doi.org/10.15637/jlecon.246
Section
Articles

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