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Foreword; Alan Peacock, a Lucid, Rigorous, and Pragmatic Academic; References; Contents; Introduction; References; Part I: Cultural Policy in Theory and Practice; The Individual Choice-Public Choice Perspective and Cultural Economics; 1 Introduction: A Creative Economist; 2 The Interacting Games of Public Economy and Individual Choice; 3 Cultural Economics Conforming to Individuals ́Choices; 4 Final Remarks; References; Welfare Economics and Public Policy: A Re-examination; 1 Introduction; 2 The Paretian Tradition; 3 A Liberal Critique; 3.1 The Austrian School; 3.2 Ordo-Liberalism

3.3 The Public Choice School3.4 Transactions Costs; 4 Conclusion; References; Public Choice, Economics of Institutions and the Italian School of Public Finance; 1 Introduction; 2 Lobbies, Elites and the Economics of Institutions; 3 Narrow-Interest Policymaking in the Italian School of Public Finance; 4 Narrow Interests in Cultural Policy; 5 Concluding Remarks; References; Political Economy of Broadcasting: The Legacy of the Peacock Report on Financing the BBC; 1 Introduction; 2 The Background; 3 The Recommendations; 4 Different Legacies and Different Sorts of Legacy

4.1 Immediate Legacy 1: Advertising on BBC Television4.2 Immediate Legacy 2: Independent Production on BBC and ITV; 4.3 Uncomfortable Legacy 1: The ITV Franchise Auction; 4.4 Uncomfortable Legacy 2: Channel 4 Sells Its Own Advertising; 5 No Strategic Legacy; 5.1 Intellectual Legacy 1: The Sophisticated Market System for Broadcasting?; 5.2 Intellectual Legacy 2: A New Model of Public Service?; 6 Foresight; 7 Conclusion; References; The Public Spending for Culture in the Face of Decentralization Processes and Economic Recession: The Case of Italy; 1 Introduction

2 The Data Under the RPA Project, and Some Basic Evidence3 The Geographical Distribution; 4 The Layers of Government; 5 The Internal Structure of Public Spending for Culture; 6 An Exploratory Analysis on the Links Between Public Spending and Aggregate Income; 6.1 Causality; 6.2 Elasticity of Public Spending to Income; 6.3 Elasticity of GDP to Public Spending for Culture; 7 Concluding Remarks; Appendix; References; Part II: Economics of Copyright and Music; Performance Rights in Music: Some Perspectives from Economics, Law and History; 1 Introduction; 2 Alan Peacock and Performing Rights

3 Peacock v Plant: The Blank Media Levy4 Implementing Performing Rights: Conclusion; References; Copyright and Music Publishing in the UK; 1 Introduction; 2 Development of Copyright in Published Music; 2.1 Copyright Law and Music; 2.2 The Performing Right; 2.2.1 The Performing Right Society; 2.2.2 Performing Right Society Income; 2.3 The Mechanical Right; 3 The Value of Rights in Copyright; 4 Contracts and Payments in Music Publishing; 5 Economic Organisation of Music Publishing; 6 Conclusion; References; The Composer in the Market Place Revisited: The Economics of Music Composition Today

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