Download or read book Economic Science Art Or Asset written by and published by . This book was released on 1999* with total page 111 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Fine Art and High Finance written by Clare McAndrew and published by John Wiley & Sons. This book was released on 2010-05-20 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt: Art and finance coalesce in the elite world of fine art collecting and investing. Investors and collectors can’t protect and profit from their collections without grappling with a range of complex issues like risk, insurance, restoration, and conservation. They require intimate knowledge not only of art but also of finance. Clare McAndrew and a highly qualified team of contributors explain the most difficult financial matters facing art investors. Key topics include: Appraisal and valuation Art as loan collateral Securitization and taxation Investing in art funds Insurance The black-market art trade Clare McAndrew has a PhD in economics and is the author of The Art Economy. She is considered a leading expert on the economics of art ownership.
Download or read book Economics of Visual Art written by Amy Whitaker and published by Cambridge University Press. This book was released on 2021-08-12 with total page 419 pages. Available in PDF, EPUB and Kindle. Book excerpt: How can arts managers, artists, and art market observers approach the study of economics? Accompanied by hand-drawn illustrations, wide-ranging case studies, and expansive discussion resources, this interdisciplinary microeconomics primer engages with complex – and, at turns, political – questions of value and resourcefulness with the artist or manager as the decision-maker and the gallery, museum or studio as 'the firm'. Whitaker arms the reader with analytic and creative tools that can be used in service to economic sustainability for artists and organizations. By exploring the complexities of economics in application to art, design and creative industries, this book offers ways to approach the larger world as an art project.
Download or read book Art and Value written by Dave Beech and published by BRILL. This book was released on 2015-05-12 with total page 402 pages. Available in PDF, EPUB and Kindle. Book excerpt: Art and Value is the first comprehensive analysis of art's political economy throughout classical, neoclassical and Marxist economics. It provides a critical-historical survey of the theories of art's economic exceptionalism, of art as a merit good, and of the theories of art's commodification, the culture industry and real subsumption. Key debates on the economics of art, from the high prices artworks fetch at auction, to the controversies over public subsidy of the arts, the 'cost disease' of artistic production, and neoliberal and post-Marxist theories of art's incorporation into capitalism, are examined in detail. Subjecting mainstream and Marxist theories of art's economics to an exacting critique, the book concludes with a new Marxist theory of art's economic exceptionalism.
Download or read book Art as an Investment written by Ms Melanie Gerlis and published by Ashgate Publishing, Ltd.. This book was released on 2014-03-28 with total page 221 pages. Available in PDF, EPUB and Kindle. Book excerpt: Aimed at collectors and investors, this user-friendly guide explains art's value as an asset through comparisons with more familiar investments, including property, shares and gold. It draws on extensive research and interviews with key players in these other markets, as well as the author’s own experience, to clarify the specifics of art as an asset class.
Download or read book The Economics of Contemporary Art written by Alessia Zorloni and published by Springer Science & Business Media. This book was released on 2013-04-16 with total page 195 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book examines the contemporary art system with a broad and systematic approach, through the application of models of microeconomics and industrial organizations. By breaking down the traditional barriers between different academic disciplines such as art and economics, this book offers a unique opportunity to grasp the complexities of the contemporary art world and provides the tools to conduct a structural analysis of that market. The result is an in-depth analysis of the contemporary art market from an interdisciplinary perspective. While it is not a textbook in the strictest sense, the book offers a concise and effective overview of all actors in the art system, and provides supporting data and valuable information, both conceptual and practical. It is therefore a text that can be used by students wishing to better understand the complex dynamics that govern the contemporary art market, but also by cultural managers, collectors, potential art investors or simply art lovers who need a quick reference.
Download or read book The Asset Economy written by Lisa Adkins and published by John Wiley & Sons. This book was released on 2020-10-07 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: Rising inequality is the defining feature of our age. With the lion’s share of wealth growth going to the top, for a growing percentage of society a middle-class existence is out of reach. What exactly are the economic shifts that have driven the social transformations taking place in Anglo-capitalist societies? In this timely book, Lisa Adkins, Melinda Cooper and Martijn Konings argue that the rise of the asset economy has produced a new logic of inequality. Several decades of property inflation have seen asset ownership overshadow employment as a determinant of class position. Exploring the impact of generational dynamics in this new class landscape, the book advances an original perspective on a range of phenomena that are widely debated but poorly understood – including the growth of wealth inequalities and precarity, the dynamics of urban property inflation, changes in fiscal and monetary policy and the predicament of the “millennial” generation. Despite widespread awareness of the harmful effects of Quantitative Easing and similar asset-supporting measures, we appear to have entered an era of policy “lock-in” that is responsible for a growing disconnect between popular expectations and institutional priorities. The resulting polarization underlies many of the volatile dynamics and rapidly shifting alliances that dominate today’s headlines.
Download or read book Art Prices as Business Cycle Indicator written by Jonatan Steinig and published by GRIN Verlag. This book was released on 2015-07-17 with total page 85 pages. Available in PDF, EPUB and Kindle. Book excerpt: Master's Thesis from the year 2015 in the subject Economics - Macro-economics, general, grade: 1,0, University of Hamburg, language: English, abstract: “When bankers get together for dinner, they discuss Art. When artists get together for dinner they discuss money.” (Oscar Wilde) Works of art are unique and highly heterogeneous but if they are traded, they share the common purpose of creating income. However, not only artists will discuss money at dinner, also bankers while they discuss art, are likely to talk about financial gains through investments in art. In economics a small group of researchers has examined whether this kind of investment is profitable or not. Although findings are not consistent, some authors conclude that art, compared to equity or bonds, does perform relatively well and offers diversification benefits in investment portfolios. Despite the inconsistency of findings, this research has led to a growing interest in art investment. Promoters of art investment like art investment funds work on a transformation of art into a new and widely accepted asset class, which they hope will prospectively be included in investment portfolios in the same way as real estate (Picinati di Torcello (2012): 15). Investment in art is determined by the expected price appreciation of art works in the future (Stein (1977): 1021). The quantity of original artworks, at least by deceased artists, cannot be augmented and the elasticity of supply is zero (Baumol (1986): 10). The future prices of art works as investment goods will thus depend on demand as well as on wealth of individuals and institutions at the sales date (Goetzmann (1993): 1371). The greater the purchasing power of prospective buyers, the more art is being bought and the higher art prices will be (Goetzmann et al. (2009): 2). Consequently art prices are expected to react to changes in economic prosperity and to fluctuate in the course of the business cycle. Business cycle research is a vital branch of macroeconomics and many theories and studies exist which examine the boom and bust periods of the economy as different phases of business cycles. Contrary there is little research which looks at “the link between the art market and the broader economy” (ibid: 4).This master thesis aims at contributing insights on this link by analysing the behavior of art prices under different macroeconomic conditions. Precisely, the objective is to assess the characteristics of art prices as business cycle indicator for the U.S. economy. [...]
Download or read book Assetization written by Kean Birch and published by MIT Press. This book was released on 2020-07-14 with total page 339 pages. Available in PDF, EPUB and Kindle. Book excerpt: How the asset—anything that can be controlled, traded, and capitalized as a revenue stream—has become the primary basis of technoscientific capitalism. In this book, scholars from a range of disciplines argue that the asset—meaning anything that can be controlled, traded, and capitalized as a revenue stream—has become the primary basis of technoscientific capitalism. An asset can be an object or an experience, a sum of money or a life form, a patent or a bodily function. A process of assetization prevails, imposing investment and return as the key rationale, and overtaking commodification and its speculative logic. Although assets can be bought and sold, the point is to get a durable economic rent from them rather than make a killing on the market. Assetization examines how assets are constructed and how a variety of things can be turned into assets, analyzing the interests, activities, skills, organizations, and relations entangled in this process. The contributors consider the assetization of knowledge, including patents, personal data, and biomedical innovation; of infrastructure, including railways and energy; of nature, including mineral deposits, agricultural seeds, and “natural capital”; and of publics, including such public goods as higher education and “monetizable social ills.” Taken together, the chapters show the usefulness of assetization as an analytical tool and as an element in the critique of capitalism. Contributors Thomas Beauvisage, Kean Birch, Veit Braun, Natalia Buier, Béatrice Cointe, Paul Robert Gilbert, Hyo Yoon Kang, Les Levidow, Kevin Mellet, Sveta Milyaeva, Fabian Muniesa, Alain Nadaï, Daniel Neyland, Victor Roy, James W. Williams
Download or read book The Economics of American Art written by Robert B. Ekelund Jr. and published by Oxford University Press. This book was released on 2017-07-03 with total page 385 pages. Available in PDF, EPUB and Kindle. Book excerpt: The rapidly changing and evolving art market might appear to be chaotic to the casual observer, with new highs, potential lows, and tastes and fashions changing season to season. Economists, however, view the actions of buyers and sellers as constituting an identifiable market. They have, for some decades, studied such issues as artistic productivity and "death effects" on prices, investment returns, and on the basis of the behavior and estimated prices in auction markets. The Economics of American Art analyzes the most pervasive economic issues facing the art world, applied to the whole spectrum of American art. The book begins by looking at how a market for American art developed, how the politics of the post-war era shaped, at least in large part, the direction of American art, and how this legacy continues into contemporary art today. The book then tackles several salient, integral questions animating the American art world: Are age and "type" of artist (i.e. traditional or "innovative") related and, if so, how might they be related to productivity? Is investment in American art a remunerative endeavor compared to other investment possibilities? Do economic insights provide understanding of fakes, fraud and theft of art, particularly American art, and is it possible to prevent art crime? Is there is a boom (or a bust) in the market for contemporary American art as might be found in other markets? The ongoing evolution of American art is attended by a massive number of influences, and the economic concepts employed in this volume will complement other critical and important cultural studies of art. Both practical and accessible, The Economics of American Art will be essential for collectors, auction houses, American art experts of all kinds, museums, gallery owners and, not least, by economists with continuing scholarly interests in these matters.
Download or read book Topics on Art and Money written by Adriá Harillo Pla and published by Vernon Press. This book was released on 2021-07-06 with total page 174 pages. Available in PDF, EPUB and Kindle. Book excerpt: The title of this book is intended to be an honest one, far from exaggerated phrases and empty meanings. Three words, a preposition, and a coordinating conjunction: ‘Topics on Art and Money’. A coordinating conjunction, not a subordinating one, since this book does not intend to express a hierarchical order. As all words united by a coordinating conjunction, this book intends to connect them. As simple as that. This book presents, through the chapters written by its authors, some of the ways in which Art and Money are linked. In order to observe this relationship, this book consists of authors whose analysis refers to political propaganda, historical events with artistic repercussions or strictly economic analysis of the art market, for example. “And” connects, “or” divides. This book not only presents a connection between Art and Money, but between academics from different fields and geographical areas. This humble book presents, precisely, how individuals from different specialties think of this relationship. It will appeal to academics dedicated to Arts Economics and Cultural Management, professionals from the art market/world with an interest in works of an academic nature, and general readers with an interest in this topic and a strong knowledge of Arts Economics.
Download or read book Empirical Models and Policy Making written by Mary Morgan and published by Routledge. This book was released on 2003-09-02 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: This collection, written by highly-placed practitioners and academic economists, provides a picture of how economic modellers and policy makers interact. The book provides international case studies of particular interactions between models and policy making, and argues that the flow of information is two-way.
Download or read book Against Better Judgement Rethinking Multicultural Society written by and published by BRILL. This book was released on 2022-09-26 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: A unique collection of essays with surprising twists on multiculturalism, social science, and scholarship covering different societies.
Download or read book Economic Science and Practice written by Peter A. G. van Bergeijk and published by Edward Elgar Publishing. This book was released on 1997 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ten papers from the January 1996 conference Economic Science: An Art or an Asset held in the Hague, address concerns on the one have that academic economics is becoming too detached from the real world, and on the other that policy makers are relying on ideas or ideologies that have not been tested against theory. Representatives of both groups from Europe and the US explore users and abusers of economic research, links between industrial organization competition policy, the policy-maker's demand for economic analysis, and other topics. No subject index. Annotation copyrighted by Book News, Inc., Portland, OR
Download or read book Cosmopolitan Canvases written by Olav Velthuis and published by . This book was released on 2015 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the late 1990s, contemporary art markets have emerged rapidly outside of Europe and the United States. China is now the world's second largest art market. In counties as diverse as Brazil, Turkey and India, modern and contemporary art has been recognized as a source of status, or a potential investment tool among the new middle classes. At art auctions in the US, London and Hong Kong, new buyers from emerging economies have driven up prices to record levels. The result of these changes has been an increase in complexity, interconnectedness, stratification and differentiation of contemporary art markets. Our understanding of them is still in its early stages and empirical research in the field of globalization of high arts is still scarce. This book brings together recent, multidisciplinary, cutting edge research on the globalization of art markets. Focusing on different regions, including China, Russia, India and Japan, as well as different institutions and organizations, the chapters in this volume study the extent to which art markets indeed become global. They show the various barriers to, and the effects of, globalization on the art market's organizational dynamics and the everyday narratives of people working within the art industry. In doing so, they recognize the coexistence of various ecologies of contemporary art exchange, and sketch the presence of resilient local networks of actors and organizations. Some chapters show Europe and the US continue to dominate, especially when taking art market rankings and the most powerful events such as Art Basel into account. However, other chapters argue that things such as art fairs are truly global events and that the 'architecture of the art market' which has originally been developed in Europe and the US from the 19th century onwards, is increasingly adopted across the world.
Download or read book Fiscal Policy Rules written by Mr.George Kopits and published by International Monetary Fund. This book was released on 1998-07-22 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: What are fiscal policy rules? What are the principal benefits and drawbacks associated with various fiscal rules, particularly compared with alternative approaches to fiscal adjustment? Can fiscal rules contribute to long-run sustainability and welfare without sacrificing short-run stabilization? If so, what characteristics of fiscal rules make this contribution most effective? And in what circumstances and contexts, if any should the IMF encourage its member countries to adopt fiscal rules? This paper seeks to identify sensible fiscal policy rules that can succeed, if chosen by a member country, as an alternative to descretionary fiscal rules.
Download or read book Toward a Formal Science of Economics written by Bernt P. Stigum and published by MIT Press. This book was released on 1990 with total page 1068 pages. Available in PDF, EPUB and Kindle. Book excerpt: Consumer Law and Practice provides undergraduate students and those studying the LPC with concise yet comprehensive guidance. It is also a useful aid for practitioners (including those advising businesses) and non-lawyers requiring information which can be quickly understood. Using an innovative problem-solving approach to the subject, we focus on situations in which clients may find themselves and explain how the law deals with such situations. "Between the covers is a mine of information clearly and accurately set out ... a valuable tool for non-specialist and specialist alike." The Law Society's Gazette
