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The Price of Everything

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The Young Archie is a new category in the annual Archibald Prize. But should it be abandoned? AAP Image/Paul Miller

Eye on the prize

Prizes are a common feature on the cultural economy landscape. In Australia there is the famous Archibald Prize for portraiture, there are numerous prizes for literature and poetry, the AFI Awards in film…

A peer funding model for the arts?

A recent paper by five mathematical computer scientists at Indiana University (published in EMBO Reports, a forum for short papers in molecular biology) proposes a clever new model for science funding…

Social impact bonds: a good new idea

What’s new in public finance you ask? Social impact bonds, that’s what. This is the leading edge of the social finance revolution. It just might make a big difference to Indigenous and remote Australia…
Tony Jones. ABC

What is Tony Jones really worth?

There is currently much ballyhoo – in the Murdoch Press at least – about the release of secret files on the salaries paid to the top talent at our ABC. Tony Jones, for instance, pulls down A$355,789, making…

James Packer pays $60 million in voluntary taxes

So two things happened. First, Crown Resorts Limited – whose Executive Chairman is James Packer – was awarded an exclusive license by NSW State Premier Barry O’Farrell to operate the A$1.5 billion Barangaroo…

Economics of Art School

One basic difference between economists and the rest of the human population is how you answer the following question: What is the purpose of higher education? A non-cynical normal person answer is learning…

When it comes to the arts, does price matter?

The name of this column is from Act III of Oscar Wilde’s Lady Windermere’s Fan. Cecil Graham: What is a cynic? [sitting on the back of a sofa] Lord Darlington: A man who knows the price of everything and…