Assignment Example on Relationship Between Art and Economics

How does economic development in the society influence how and what artistic work is being created in your discipline?

Is your time best spent reading someone else’s essay? Get a 100% original essay FROM A CERTIFIED WRITER!

Save 25%

First, development economics is a section of economics that not only enhances on economic development, growth, and organization change but it promotes the improvement of potential mass population in sectors such as education, health, and employment conditions (Guetzkow 1). Next, the current economy has shifted from manufacturing-based to innovative. Nonetheless, the shift creates barriers for art altogether (Friedenwald-Fishman). Moreover, in the last decades, economic development has prioritized its leverage by addressing social problems. Back to back, it is the belief that the transition created by economic growth that art is a necessity in treating the level of historical and social change since it nurtures and enhances cognitive ability of imagination, creativity, and innovation (Friedenwald-Fishman).

Additionally, it breaks the barriers, connects cultures, and promotes shared values. In other terms, economic development influences art to place focus on methods that nurture real-life collaborations (Guetzkow 6). Also, it helps establish a range of personal social networks, and educate on technical and interpersonal skills that are essential for corporate structuring (Guetzkow 5). Moreover, economic development nurtures the artistic means of thinking outside the box for solutions by imposing programs, policies, and financial models (Guetzkow 6). Besides, it creates opportunities for organization involvement in establishing working norms, consultations, and coordination between the private and public bodies to achieve an objective (Friedenwald-Fishman). Finally, it fosters the ability for artists to seize the moment due to the economic, political, and generational change (Guetzkow 6).

How is your discipline being corporatized today? Can you think of methods or strategies of corporativism that were employed in your discipline some ten years beck?

Art is in the midst of complete corporatization and marketization. Currently, the field of architecture has transformed into a competitive advantage from a standard public and non-profit industry (O'Connor, Cunningham and Jaaniste 42). The value of art has increased with its demands. Presently, the amount and criteria of art are overtaken by the quantitative measures in museums, galleries and art discipline; therefore, the artistic control is increasingly determined by the economic purchase (Friedenwald-Fishman). Moreover, sales define the wealth of these artists (O'Connor, Cunningham and Jaaniste 42).

Next, artistic discipline has declined the simple composition of financial funding and investment, since these funds sell shares of a single piece of work. Back to back, the risk of the formation by corporate interest has been achieved in the art realm by a wholesale intrinsic corporate values, approaches, and structure which are present in museums, schools, galleries (O'Connor, Cunningham and Jaaniste 58). Therefore, art is experiencing a historical tragedy since it is a means of resisting hypothesis, values and the authority of the global market (O'Connor, Cunningham and Jaaniste 59).

Art media design was a system used to recognize art in terms of its value operations across subsidies and commercial departments since it established and organized creative industries to support the sector financially (O'Connor, Cunningham and Jaaniste 52). Moreover, the approach ensured that the art pre-dominated the aesthetic content within different cultural and traditional beliefs, for example, the design and crafts the piece share with art a historical concept about social, political, and environmental norms (O'Connor, Cunningham and Jaaniste 53).

In what ways do money and the pursuit of money influence how an artistic work is being produced in your discipline?

The link between art and money can be analyzed in two perspectives. First, art is defined as the sum of pieces circulating on its market niche (Groys). Moreover, skill and money speculate on the growth and development of its market niche that was established for decades. Nonetheless, it reflects on the approach of auctions of both traditional and contemporary artwork (Groys). Additionally, the sum of money paid for the art and the advertised news on the pieces. In other words, art is a context artistic market and each piece produced can function in a commodity; thus, money and the pursuit of cash have established the value to art in the market (Groys). Moreover, money determines the flow, congestion, production, and supply of art commodities in the market in regards to the duration they were created; therefore, the older the work, the higher the price (Groys).

Also, traditional art operates in a permanent and temporary exhibition scope. Moreover, with the availability of money and the pursuit of wealth, temporary exhibitions increase into large-scale since they are used to gain publicity. Furthermore, permanent exhibits are meant to serve art consumers/buyers and since the contemporary realms shift these norms to public events that attract many people of different cultural and traditional patterns. Thus, the pursuit of money has turned the norms of the exhibition since it operates beyond the artistic market niche (Groys).

Highlight, with examples, the ways in which economics and art are linked and ways in which they and autonomous from one another.

Through the definition of economics and art, there is a difference between the two disciplines. First, art is a skillset that relies on the creative nature and imagination of human beings; thus, it can be natured and practiced anywhere (Groys). Moreover, its definition extends to define that what can be art to someone is not art to the other; therefore, making it more exciting and sophisticated at the same time (O'Connor, Cunningham and Jaaniste 42). On the other hand, economics is a science that enhances the production, distribution, and supply of goods and service. In other terms, it focuses on the behavior and interaction of financial agents and the commercial properties of a party operate (Friedenwald-Fishman).

Works Cited

Friedenwald-Fishman, Eric. No art? No social change. No innovation economy. 26 May 2011. <https://ssir.org/articles/entry/no_art_no_social_change._no_innovation_economy>. Accessed on 12 February 2019

Groys, Boris. Art and Money. April 2011. <https://www.e-flux.com/journal/24/67836/art-and-money/>. Accessed on 12 February 2019

Guetzkow, Joshua. "How the arts impact communities: An introduction to the literature on arts impact studies." Thesis. 2002.

O'Connor, Justin, Stuart Cunningham, and Luke Jaaniste. Arts and creative industries: A historical overview. Australia Council for the Arts, n.d.