Artistic creativity and profit inflation and economic growth : a test of Keynes and Nesbit
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This thesis investigated the alleged positive relationship between profit inflation and artistic creativity claimed by John Meynard Keynes as applied to the great seventeenth century Dutch painters and the Dutch economy. The allied but broader theme—that the favorable psychology created by economic prosperity as proposed by Robert Nesbit—was also explored for this time period. It was shown that inherent factors in the Dutch economy favored economic growth and that the expansion of trade by the Dutch greatly increased the welfare of its citizens. This increase in welfare led to a “vitality” amongst the Dutch people, creating a favorable atmosphere for painters and, most importantly, potential patrons of artists.