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De Economist

, Volume 150, Issue 4, pp 333–362 | Cite as

In Art we trust

  • Rick Van Der Ploeg
Article

Abstract

Culture is an experience good and has strong externalities. Culture has social value, option value, existence value, innovation value, and intergenerational value. None of these are internalised by the market. One should avoid that culture appeals to a small elite. It is thus crucial to invest in cultural education, to bring culture to places where the people are, and to put a greater emphasis on demand-side rather than supply-side cultural subsidies. One should try to avoid that high culture becomes marginalised in a multicultural society with many demands on leisure time. The government should avoid deadweight losses, but should also minimise the potential for rent seeking and lobbying. It is crucial that the government stays at arm's length and leaves artistic judgements to independent experts and interested laymen.

Keywords

International Economic Public Finance Leisure Time Great Emphasis Independent Expert 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Kluwer Academic Publishers 2002

Authors and Affiliations

  • Rick Van Der Ploeg
    • 1
  1. 1.Former State Secretary for Education, Culture, and Sciences and Visiting Professor at CESifoUniversity of Munich and the London School of Economicsthe Netherland

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