The article discusses creativity and innovation in the art market since the late 19th century. The author states that the shift from patron-based art production to a free-market system brought with it a wave of artistic creativity. Several artists are examined, including Pablo Picasso, Claude Monet, and Andy Warhol. The development of the art market and the role of conceptual artists in the 20th century is also mentioned. In the author's opinion, artistic freedom is abundant and boundless.
David W. Galenson,
Market Structure and Innovation: The Case of Modern Art,
Notre Dame L. Rev.
Available at: http://scholarship.law.nd.edu/ndlr/vol86/iss5/6