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EconomistsTalkArt.org

Research-based policy analysis and commentary

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August 2016

SOMEBODY MUST KNOW SOMETHING!

By John Sedgwick and Mike Pokorny

film

William Goldman, the screenwriter of Butch Cassidy and the Sundance Kid, posited that ‘nobody knows anything’ about the financial risks associated with the film industry, elevated by the Harvard professor Richard Caves to the ‘nobody knows’ principle.  Our research suggests otherwise: analysis of the tremendous economic success of film studios over the past 100 years suggests to us that film making is not such a risky business and that somebody would seem to know something!

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THE ARTS CONNECT STUDENTS TO SCHOOL

M. Kathleen Thomas

arts_collage

Student enrollment in public school courses in visual art, music, theatre, and dance is linked to reduced high school dropout even after controlling for observable student and school characteristics expected to influence both arts participation and school commitment. Agencies that support arts education should invest in experimental studies to produce causal evidence about the impact of arts on the student outcomes stakeholders care about.

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