Table of Contents - 6 Preface - 12 1 Sacred Art: Who Has the Power to Define Art? - 18 2 The Denial of the Economy: Why Are Gifts to the Arts Praised, While Market Incomes Remain Suspect? - 35 3 Economic Value Versus Aesthetic Value: Is There Any Financial Reward for Quality? - 53 4 The Selflessly Devoted Artist: Are Artists Reward-Oriented? - 79 5 Money for the Artist: Are Artists Just Ill-Informed Gamblers? - 104 6 Structural Poverty: Do Subsidies and Donations Increase Poverty? - 125 7 The Cost Disease: Do Rising Costs in the Arts Make Subsidization - 153 8 The Power and the Duty to Give: Why Give to the Arts? - 182 9 The Government Serves Art: Do Art Subsidies Serve the Public Interest - 204 10 Art Serves the Government: How Symbiotic Is the Relationship between Art - 233 11 Informal Barriers Structure the Arts: How Free or Monopolized Are the Arts? - 260 12 Conclusion: a Cruel Economy: Why Is the Exceptional Economy of the Arts - 281 Epilogue: the Future Economy of the Arts - 296 Notes - 312 Literature - 350 Index of Names - 362