The Institute of Applied Cultural Economics and Sociology is an independent research organization designed to provide a platform for the use of cultural economics and cultural sociology as the basis for strategic interventions into the art markets.
The Institute of Applied Cultural Economics and Sociology believes that the world of the arts is not a meritocracy but instead, due to its integration with capitalism, operates on market principles – the same principles that the fields of economic and sociology are adept at describing. The Institute seeks to use these fields, not as analytic tools, but as creative instruments to enable the transformation of the art markets themselves.
The Institute of Applied Cultural Economics and Sociology has, as its principle focus, a data-driven approach to artistic creation. Our Research Department collects vast swathes of data on cultural organizations and practices from all over Europe, analysing it to discover new and emerging market trends, whilst our Application Department re-synthesizes the results into new possibilities for artistic endeavours.
Our Application Department consists of a series of autonomous groups, all taking the core principles of Applied Cultural Economics and Sociology, as well as the large database resources of The Institute, as a starting point for their creative processes.
The Institute of Applied Cultural Economics and Sociology believes that art can be improved and revolutionized through the study of the economic and sociological manner of its creation, and that economic and sociological analysis need not be a passive activity, but an active one which transforms its field of study.