Someone finally pointed me to Ian David Moss’s posting at CreatEquity that’s ostensibly about what the art world should do about the proliferation of art groups shaking the tin cup. He pointed out a problem that’s a core one for the college industrial complex and indeed many parts of the modern economy:
I take the view that, whatever the merits might be of reducing supply, there is virtually nothing anyone—funders included—can do to actually make it happen. For one thing, conversation about supply and demand breaks down a bit when the suppliers have anintrinsic motivation to be in the marketplace. Classical economic models assume that suppliers don’t have any particular emotional attachment to what they’re supplying; all they really want to do is to make money. As a result, if they’re not making money, they’ll exit the industry, leaving more to go around for everyone else. As we see fromKirk Lynn’s contribution to the discussion, however, many artists (especially artist-entrepreneurs) have far too much passion for their work to consider exiting solely for financial reasons.