Art music and the economy: the modernity index and the Cincinnati Symphony Orchestra, 1895 to 2013 Online publication date: Fri, 29-May-2015
by Nancy Bertaux; Kaleel Skeirik; David Yi
International Journal of Economics and Business Research (IJEBR), Vol. 9, No. 4, 2015
Abstract: This article views the production and performance of new art music as a public good that benefits society by infusing vitality into contemporary culture. This article presents a new modernity index (MI), a consistent index for assessing the degree to which a season of music programmes can be considered 'contemporary'. The article also presents a case study of the Cincinnati Symphony Orchestra (CSO), for the period 1895 to 2013. Analysis of the MI reveals trends over time, clearly showing a reduction in modernity as time goes on. This article discusses how the data based on the MI may be used by artistic organisations to transition its historic product (repertoire) into a more modern and socially relevant product. The study suggests that further research should examine increasing reliance on a private good model for financing art music that may lead to underproduction of contemporary art music.
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