Economy of art and cultural heritage (i) (2010/2011)

Course code
Name of lecturer
Gianpaolo Mariutti
Gianpaolo Mariutti
Number of ECTS credits allocated
Academic sector
Language of instruction
Primo semestre dal Oct 4, 2010 al Jan 22, 2011.
Web page
ORARIO LEZIONI: Lunedì 15.40-18.10 in aula T4

Lesson timetable

Learning outcomes

Arts and culture are able to promote the spiritual and intellectual dimension of human beings, yet to be produced they require resources – primarily human and material resources. Who does pay for them? And how much should they be paid? Moreover, given these costs, what is the quantity of art and culture that can be produced? Are there advantages – if any – also for our material well-being? These are typical economic questions. This course attempts to answer these questions, by studying from an economic point of view the characteristics of artistic and cultural goods, and the role of the associated creative industries.


1. Introduction: the connection between economic and cognitive wealth
2. The economic features of the cultural and artistic
3. Theories of value: what is the just price of a piece of art?
4. How much culture and art should be prduced? The game of demand and supply
5. The industry of creativity: art and culture as an economic profession
6. The evolution of employment and prices in the industry of creativity
7. The impact of the “new economy” on the (re-)production of the art and culture
8. Economic policy to sustain art and culture

(in Italian):
Throsby D., 2001, Economia e cultura, Bologna, Il Mulino.
Candela G. e Scorcu A., 2004, Economia delle arti, Bologna, Zanichelli.
Spiller Nardi C., 2005, Incontro con l'economia dell'arte, Torino, Giappichelli.

Notes and articles given during the course.

(in English)
Frey, B.S., 2000, Arts and Economics: Analysis and cultural policy, Heilderberg-New York, Springer-Verlag.
Heilbrun J., Gray C., 2001, The economics of Art and Culture, Cambridge, Cambridge University Press.

Assessment methods and criteria

Written and oral exam