“How Do the Arts Contribute to Capitalism and Economic Development?
Famous paintings sell for hundreds of millions of dollars. The most popular musicians become rich off of their fame. Is the only way to value art as investments or commodities, or can they be useful on other ways? Is art a product to sell, or are the arts as a whole, a way of developing human capabilities, skills, and even empathy? Can the arts promote equality, help developing countries, or bring about peace and social cohesion? On this episode, we examine these and other questions, looking at creativity through the lenses of economics and public policy.
Patrick Kabanda aims to link the arts and international affairs. He has earned bachelors and master’s degrees at the Julliard School of Music, and a masters of law and diplomacy from The Fletcher School at Tufts University. He has consulted for the World Bank and the United Nations, performs as a musician around the world, and is the author, most recently of the book The Creative Wealth of Nations: Can the Arts Advance Development.