Cultural economics  

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"Adorno and Horkheimer of the Frankfurt School argue in "The Culture Industry: Enlightenment as Mass Deception" (1947) that culture industries cultivate false needs; that is, needs created and satisfied by capitalism. True needs, in contrast, are freedom, creativity or genuine happiness.

Camille Paglia responds in Sex, Art, and American Culture (1992): "All the P.R. in the world cannot make a hit movie or sitcom. The people vote with ratings and dollars. Academic Marxists, with their elitist sense of superiority to popular taste, are the biggest snobs in America.

Of course, they both exaggerate. Adorno and Horkheimer need to realize that popular culture produces excellence and Camille Paglia needs to realize that not all culture is popular culture. High culture and popular culture are communicating vessels; commercial success and critical acclaim do not always go hand in hand; and both high and low culture have produced masterpieces and works of mediocrity.

It is our task to find beauty in unexpected places."

--Sholem Stein, 2006

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Cultural economics is the branch of economics that studies the relation of culture to economic outcomes. Here, 'culture' is defined by shared beliefs and preferences of respective groups. Programmatic issues include whether and how much culture matters as to economic outcomes and what its relation is to institutions.

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Unless indicated otherwise, the text in this article is either based on Wikipedia article "Cultural economics" or another language Wikipedia page thereof used under the terms of the GNU Free Documentation License; or on research by Jahsonic. See Art and Popular Culture's copyright notice.

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