Pinnock, Andrew (2006) Public value or intrinsic value? The arts-economic consequences of Mr Keynes. Public Money & Management, 26 (3), 173-180. (doi:10.1111/j.1467-9302.2006.00519.x).
Abstract
According to the think-tank Demos, and Culture Minister David Lammy, Arts Council England faces a 'crisis in legitimacy'. This article explains why. It takes an honest look at the cultural philosophy of founder-chairman John Maynard Keynes and shows how the Keynesian decision-making system works in practice.
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