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Type: Journal Articles Authors: Sir Alan Peacock ISSN: Print: 0143-5671 Online: 1475-5890
Published in: Fiscal Studies, Vol. 21, No. 2, June 2000
Volume, issue, pages: Vol. 21, No. 2, pp. 171-205
JEL classification: H3, H4, I3, Z1
The paper describes the method, amount and composition of public financing of the arts and heritage services in England during the 1990s. This offers the background to a discussion of how far the rationale for government financing for such services can rely on arguments derived from welfare economics. The presence of 'market failure' has been widely accepted by successive governments and their advisers, but attempts to remove it have encountered the familiar problems of ensuring allocative and technical efficiency when production subsidies are the main policy instrument. Special attention is devoted to the policy dilemmas that are likely to arise in the years ahead in the performing arts, heritage and broadcasting. Search |
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