Essays about art and economic theory, revealing the tensions economists have experienced in integrating the value added due to art into their own framework of thought; about art and economic policy, looking at various aspects of governmental involvement with art, including heritage and tariff policy; and about the business of art, strategies for turning artistic ingenuity into saleable products. The volume deals primarily, though not exclusively, with painting.

Economists historically have had very little to say about art. In the latter part of the twentieth century, however, difficult issues such as pricing and art valuation, the influence of the fashionable on pricing, and the nature of auction all began to be explored. Economic Engagements with Art suggests that taste and fashion in art need not be mysterious or outside rational discourse and that these matters can be studied by economists to the benefit of the discipline.

Pedagogical and participatory art from the coauthor of Making and Being In Art, Engagement, Economy: the Working Practice of Caroline Woolard, this acclaimed New York-based artist and educator (born 1984) proposes a politics of transparent production in the arts, whereby heated negotiations and mundane budgets are presented alongside documentation of finished gallery installations. Readers follow the behind-the-scenes work that is required to produce interdisciplinary art projects, from a commission at MoMA to a self-organized, international barter network with over 20,000 participants. With contextual analysis of the political economy of the arts, from the financial crisis of 2008 to the Covid pandemic of 2020, this book suggests that artists can bring studio-based sculptural techniques to an approach to art-making that emphasizes interdisciplinary collaboration and dialogue.

Art is produced, circulated, consumed and disseminated within an economic system - it depends on money for its creation, for the livelihood of its makers, and for its distribution. In this sense, art can be understood as an enterprising activity. However, profit-making is rarely the primary goal of artists, and indeed the entanglement of art with enterprise generates significant aesthetic, conceptual, philosophical and ethical challenges for contemporary art practice. Social enterprise has emerged from this complex terrain with the promise of an alternative model of economic organisation in the arts. Grace McQuilten and Anthony White argue that artists can, and have, engaged critically in the commercial market, by way of this model.

Engagement in the City: How Arts and Culture Impact Development in Urban Areas provides readers with numerous examples of ways that the arts can contribute to community development. Through the diverse backgrounds of its contributing authors - representing artists, art educators, and public administration scholars – the role of arts is explored as a contributing factor in strengthening communities. The book shows that the arts have the potential to positively impact a wide variety of development interests, including economic, education, health, social capital, and of cultural. The book provides strategies and techniques for implementing successful arts-based projects, whether it be through public art initiatives, service-learning opportunities, or the development or cultural districts. Cross-sectoral collaboration is a key in many of these projects, making the book beneficial for artists and community leaders who seek ways to work together to improve their cities.

This volume emphasizes the economic aspects of art and culture, a relatively new field that poses inherent problems for economics, with its quantitative concepts and tools. Building bridges across disciplines such as management, art history, art philosophy, sociology, and law, editors Victor Ginsburgh and David Throsby assemble chapters that yield new perspectives on the supply and demand for artistic services, the contribution of the arts sector to the economy, and the roles that public policies play. With its focus on culture rather than the arts, Ginsburgh and Throsby bring new clarity and definition to this rapidly growing area. - Presents coherent summaries of major research in art and culture, a field that is inherently difficult to characterize with finance tools and concepts - Offers a rigorous description that avoids common problems associated with art and culture scholarship - Makes details about the economics of art and culture accessible to scholars in fields outside economics