Does Money Affect Creativity in the History of Western Classical Music?

 [[{“value”:”That is the subtitle of a new paper by Karol J. Borowiecki, Yichu Wang, and Marc T. Law.  Here is the abstract: How do financial constraints affect individual innovation and creativity? Understanding this relationship is essential, especially when innovation and creativity rely on the capacity to take risks. To investigate this, we focus on Western
The post Does Money Affect Creativity in the History of Western Classical Music? appeared first on Marginal REVOLUTION.”}]] 

That is the subtitle of a new paper by Karol J. Borowiecki, Yichu Wang, and Marc T. Law.  Here is the abstract:

How do financial constraints affect individual innovation and creativity? Understanding this relationship is essential, especially when innovation and creativity rely on the capacity to take risks. To investigate this, we focus on Western classical composers, a unique group of innovators whose lives offer a rich historical case study. Drawing on biographical data from a large sample of composers who lived between 1750 and 2005, we conduct the first systematic empirical exploration of how composers’ annual incomes correlate with measures of the popularity (as viewed from posterity), significance, and stylistic originality of their music. A key contribution is the development of novel measures of composers’ financial circumstances, derived from their entries within Grove Music Online, a widely used music encyclopedia. We find that financial insecurity is associated with reduced creativity: relative to the sample mean, in low income years, composers’ output is 15.7 percent lower, 50 percent less popular (based on Spotify’s index), and generates 13.9 percent fewer Google search results. These correlations are robust to controlling for factors influencing both income and creativity, with no evidence of pre-trends in creativity prior to low-income years, suggesting that reverse causality is unlikely. Case studies of Mozart, Beethoven, and Liszt show that low income periods coincide with declines in stylistic originality. Notably, the negative impact of low income is concentrated among composers from less privileged backgrounds, implying that financial support is crucial for fostering creativity and innovation. While we cannot make definitive causal claims, the consistency of our findings underscores the importance of financial stability for fostering innovation and risk-taking in creative fields.

Of course those results remind me of my own earlier book In Praise of Commercial Culture.  Via the excellent Kevin Lewis.

The post Does Money Affect Creativity in the History of Western Classical Music? appeared first on Marginal REVOLUTION.

 Economics, History, Music, Uncategorized