That is the question that we (myself, Roger Mayer of NC State and Jing Zhao at Portland State) lately studied in a paper that is forthcoming in the finance journal: Financial Administration. When museums start placing price tags on their objects, other institutions do too. When Detroit was going bankrupt in 2013, town’s emergency manager fought to dump a few of the prized artworks in the Detroit Institute of Art. In 2009, Brandeis College came near looting and liquidating its Rose Artwork Museum, and in the present day, an identical controversy is raging over the museum at La Salle College. At La Salle, as in the Berkshires, university leadership argues that the deaccessioning and closure of the museum is a essential, painful corrective to dire monetary conditions. These museums and their artworks were exposed as market property to be cashed in as needed.
“The information ecosystem” encompasses all of the … Read More