This book looks at the historical evolution of the art market from the 15th century to the present day, assessing the impact of wealth inequality and economic cycles and crises on the art market. Topics covered include complexity in art valuation, globalism, segmentation, financialization, indivisibility, liquidity and provenance issues.
This book examines the array of financial crises, slumps, depressions and recessions that happened around the globe during the twentieth and early twenty-first centuries. Its wide geographic and historical coverage of episodes in North America, Europe, Latin America and Asia will appeal to scholars and students of economics and history.
Focusing on Chile's political economy, the book explores the challenges of establishing a market society amidst significant inequality. It delves into the complexities of economic policies and social structures that shape the nation's development, offering critical insights into the interplay between market forces and social equity. The analysis provides a thorough understanding of how these dynamics impact Chile's progress and the broader implications for similar contexts globally.