When public money is tight, how do governments put a price on culture?
- Written by Steve Nolan, Senior Lecturer in Economics, Liverpool John Moores University
It’s no secret that public finances are tight in the UK. This spells trouble for many sectors, not least culture. After all, this is an area that often relies on public funding – with many projects facing an uncertain future. But in an era of economic bad news, can it be justifiable to pump money into what some see as “frivolous&r...