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Archivo de la etiqueta: Economy

Benjamin Fallon defines the need for public structures (and times) for art. Public funding, the History of present economics, public structures, the market, art councils, welfare state, sovereignty, the balance between public and private, the relationship between art and commodity… 

Market conditions

John Maynard Keynes

John Maynard Keynes

Public funding for the arts in Europe emerged at a specific historical juncture. After the horrors of WWII the public mood was towards pulling together and rebuilding. John Maynard Keynes, the economist behind the ideas underpinning this reconstruction and establishment of the welfare state, died in 1946, but his influence did not. He endorsed a mixed economy of public and private interests to be bolstered by the state during times of depression and to be stepping back during more stable periods. Keynes was an avid supporter of the arts throughout his life and latterly married a Russian émigré ballet dancer. His endorsement extended to championing of the formation of the Arts Council, which he chaired until his premature death. Initially his support for the arts was directed towards the more ‘refined’ areas of ballet and opera but as his influence spread so did the remit of the Arts Council, which began to fund the work of artists whose practices were more experimental in nature and would not easily find support through commercial mechanisms. This was, of course, not an entirely neutral process, inherently linked to the ongoing Cold War, and was, like the Welfare State, a means for capitalism to demonstrate that it could care for people alongside perpetuating a narrow idea of freedom.

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