Both artists and athletes perform for others. When governments get involved it either is for subsidies or censorship. Neither is satisfactory.

Original Article: "The Economics of Arts and Culture"

To describe anything in human life without the context of economics is to erase the reasoning behind why it even exists. Why do we need reasons for items and concepts to exist? Because it is helpful for every human to think critically about what is truly valuable in society and to give that human the best possible information to best serve the public.
The arts are a fantastic aspect of our culture that display the talents of individuals for everyone to enjoy. What economic context apply to the arts within our culture? There are several aspects that we can both appreciate and learn from when it comes to applying the economic context from the patron’s perspective.
The conscious use of imagination in the production of objects intended to be contemplated or appreciated as beautiful is the