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9783031245978

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“The profound contribution of this ... short but wonderful book is a new answer to ‘what is art’. … This is very much still economic analysis, directed to the design of economic policy for the arts. By shifting focus from prices to values, they move the economics of arts from cultural production and consumption to a broader concept of cultural civil society ... . they have set out a new vision for cultural economics. … this is a monumental achievement.” (Jason Potts, Journal of Cultural Economics, Vol. 48 (2), June, 2024)

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Erwin Dekker is Senior Research Fellow at the Mercatus Center at George Mason University. He has previously published Jan Tinbergen (1903–1994) and the Rise of Economic Expertise (2021) and The Viennese Students of Civilization (2016), as well as the edited volume Governing Markets as Knowledge Commons (2021). Valeria Morea is postdoctoral fellow at IUAV University of Venice, Department of Architecture and Arts, where she investigates grassroots cultural and civic practices in Venice. She has recently edited the volume Cultural Commons and Urban Dynamics (2020), published by Springer. Her research explores the role and values of public art in urban settings.

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