Overview
Here are a few things to keep in mind:
- Try to adhere to the length limitations (250 words). Remember, more isn't better. Better is better.
- If/when you make reference to the textbook or any other readings, please be sure to provide a citation so readers can find where that info is.
Discussion #1
The paradox of value
Questions for your consideration:
- Is 'willingness to pay' a good measure of demand for creative goods and services? Any examples?
- Are price and value different? What does Adam Smith have to do with this?
- What does this have to do with the arts & culture? Please explain.
Discussion #2
Cultural policy & welfare economics
Questions for your consideration:
- What is meant by the term 'market failure' according to the Towse text?
- Give some examples of market failure in the arts and heritage.
- Explain why market failure in the cultural sector is used as an argument for subsidy to the arts and heritage.
Discussion #3
Economy of Museums & Heritage
Questions for your consideration:
- In what sense are museums public goods and in what ways are they not?
- With respect to historical sights, where/how does the market fail such as to require government involvement in these locations?
- What role does listing play in the conservation of built heritage?