This classic study provides an extensive analysis of the major economic attributes of the performing arts: audience composition, costs, income, organizational structure and remuneration of performers. The authors cleady demonstrate why the cost per performance and per attendance has always risen faster than the economy's rate of inflation, and indicate this situation is unlikely to change in the future. The book concludes with a summary discussion of general policy implications.
--This text refers to an out of print or unavailable edition of this title.
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About the Author
William J. Baumol is Professor of Economics at New York University and Director of the university's C. V. Starr Center for Applied Economics.
--This text refers to an out of print or unavailable edition of this title.
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6 of 6 people found the following review helpful:
5.0 out of 5 stars
35 Years out: Still the best in the field,
By A Customer
This review is from: Performing Arts-The Economic Dilemma: A Study of Problems Common to Theater, Opera, Music and Dance (Modern Revivals in Economics) (Hardcover)
Baumol and Bowen made this 1966 book (now in reprint) the first and still most thorough treatment of the economics of cultural nonprofits in the US. I have sought data on the field, and all current analysis points back to Baumol: both their analysis of the impact of rising prices on nonprofits and the original research that they so carefully document.
5.0 out of 5 stars
Really a weighty tome,
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This review is from: Performing Arts, the Economic Dilemma; a Study of Problems Common to Theater, Opera, Music, and Dance (Hardcover)
This book is recommended to all performing art administration/management students, faculty and management bodies in such fields. The chapter talking about income gap is really pin-point and helpful when dealing with management issues in such institutions.
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