This book studies the relationship between the arts and the economy. By applying economic
thinking to arts and culture it analyses markets for art and cultural goods highlights
specific facets of art auctions and discusses determinants of the economic success of artists.
The author also sheds new light on various cultural areas such as the performing and visual
arts festivals films museums and cultural heritage. Lastly the book discusses cultural
policies the role of the state in financing culture and the relationship between the arts and
happiness.
