The Art of Economics

By | 2017-07-17T12:21:22+00:00 April 13th, 2017|Global Market Update|

What can art teach us about economics? Portrait of Joseph Haydn. Source: Royal College of Music People often discuss the economics of art – how supply and demand can raise the prices of Renaissance or Impressionist works to insane levels, or how ironic it is that great paintings can’t be sold for much while the artists are still alive. But art has something else to tell us about the productive process. There’s a lot that we just don’t understand. For example, in history we [...]