The economy of the arts world is one that is difficult to understand in it’s machinations and entirety. This is most likely do to the mystical nature of human beings that the social sciences try to explain, but sometimes have a hard time quantifying. This is also why economists frequently have trouble predicting trends and rationalizing certain spikes and downfalls in the arts world from the perspective of economics, which is a more rigid however human-centric science in regards to the mathematical machinations of human interaction regarding material things.
Economic Reasons for the Struggling Artist – Theorem
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