The Perilous Life of Symphony Orchestras: Artistic Triumphs and Economic Challenges by Robert J. Flanagan
Published By: New Haven and London: Yale University Press ISBN: 978-0-300-17193-8 Date of Publication: 2012
Book Review Detail
Joshua Rosett of Claremont McKenna College
Review DOI: 10.1257/jel.50.3.791.r14 Review Pages: 825-28
Book Review Abstract
Joshua Rosett of Claremont McKenna College reviews "The Perilous Life of Symphony Orchestras: Artistic Triumphs and Economic Challenges" by Robert J. Flanagan. The EconLit abstract of the reviewed work begins: Analyzes the economic challenges facing U.S. symphony orchestras and contrasts the experiences of orchestras in the United States and abroad. Discusses surpluses, deficits, and symphony orchestras; why surpluses are so difficult to maintain; cost disease or business cycles; snapshots of symphony orchestra finances; the search for symphony audiences; artistic and nonartistic costs; government support of orchestras; private support of orchestras; symphony orchestra endowments and governance; how other countries support their orchestras; and the economic future of symphony orchestras. Flanagan is Konosuke Matsushita Professor of International Labor Economics and Policy Analysis, Emeritus, and Director of the Public Management Program at the Stanford Graduate School of Business. Index.