between rich and poor people, and advocates for the participation of the local

In this paper we use the classical equation of exchange to illustrate the two channels into which monetary expansion can be realized: in the real economy as employment creation or in asset markets as appreciations. Cantillon effects can help us to understand the asset market channel and how this...

How we define an artist and how we use census and survey data to study artist behaviour is a cornerstone of cultural economics. Frey and Pommerehne (1989) list eight criteria for identifying an artist, from time spent on and income derived from art-making, to reputation and recognition,...

Mainstream monopoly theory and as related to anti-trust measures evaluates the concentration of an industry to determine if a firm has monopoly power within an industry (Cabral 2000 [2017]). If a firm is dominant within an industry, then it is presumed that consumer surplus is being reduced at...

The study of the relationship between copyright and creativity is a core research program in the field of cultural economics (Weber 2017, Bille etal. 2020). Another part of the canon is that artists gain psychic income from moral rights when a work of art is identified with its creator, whereas...