Irrational Fool -Picture of Artist depicted by the analysis of Microeconomics
山本和弘 Kazuhiro YAMAMOTO
Artist has been suffered and split by the two kind of
value; one is aesthetic, another is economic. The myth of
art tells us that artist denies economic value, even though
he/she deeply internalizes it in one’s mind.
The microeconomics which is used in major arteconomics
portrays a picture of artist as a common
selfish person. When we apply its basic theory of supplydemand
matrix to artist, only established artist appears as
a producer, and others just consumers. We analyze in this
essay “producer surplus” of artist,”consumer surplus” of
collector and artist’s labor market. These concludes that
art-market is not a totally deregulated one but extremely
When we compare the analysis of leisure time of a
common working lady by Prof. Gregory Mankiw and
the analysis of labor-supply time of artists by Prof. Hans
Abbing, there found no difference between them from the
viewpoint of “income effect” and “substitution effect”.
The purpose of this study is never to discourage artists
but to encourage to fight to the regime and myth surrounding
them to be an absolute survivor named “artist”.