Artistic value played a minor role in classical philosophy, but moved to center stage in 18th century aesthetic theory and also played a role in moral philosophy. The value of Art and the process of its valuation has remained an indispensable subject of modern aesthetics, while economists have...

The nonprofit performing arts have received substantial attention in the cultural economics literature, and represent an interesting application for many areas of economic inquiry. This chapter surveys the relevant theory and the most prominent empirical studies on performing arts nonprofits....