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CROOKED_ART_INVESTMENT

                                                           January 11, 2019
                                                           October  5, 2019

At Crookedtimber,  Daniel Davies makes the                 "Creative arts and
claim that arts funding should be thought've               investing in systems"
more like venture capital investing:
                                                           http://crookedtimber.org/2019/01/11/creative-arts-and-investing-in-systems/
While most art students don't really achieve
much, there's an occasional cultural
breakthrough from some of them, and those         Daniel Davies has an
cultural products have an an economic value       expectation is that if
that justify supporting the arts as a whole.      something matters to people
                                                  they'll pay for it--
                                                  i.e. economic value is a
                                                  proxy for cultural value.

                                                    In context, he's trying
                                                    to argue against a
                                                    conservative idea that
                                                    public funding for
                                                    education is pointless
                                                    in the case of non-STEM
                                                    degrees.


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