It has been a widely accepted consensus that arts and culture follow, due to, amongst other reasons, their public good properties, and other regularities than traditional profitoriented economic branches. Subsidies and promotion have been justified most frequently by pointing at the meritorious character of the products and services provided by arts and culture. As such, the cultural branches have been given access to public funding due to them being viewed as qualified for such subsidies by social- and cultural policy makers. Moreover, it has been widely accepted that measurement criteria for market economies cannot be applied to arts and culture. These circumstances lead to a somewhat stepmotherly treatment of arts and culture in economic policy debates.
KeywordsGross Domestic Product Venture Capital Creative Industry Venture Capital Fund Economic Policy Maker
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