Through the summarization of the plight of many creative artists, William Schuman and Roger L. Stevens discuss the balance of artistic output and economic support in two independent essays with three responses included in this addition to the Charles C. Moskowitz Memorial Lectures.

Looking at the importance of balancing expense and income in an artist’s career, Economic Pressures and the Future of the Arts discusses the concept of fame and fortune in the artistic world and the economic factors that effect both forms of success.

Making the point that America is a world leader in the training and excellence of artist and their work, Schuman and Stevens discuss how government, foundations, businesses, and individuals can invest in artists in the form of subsidies and what benefits can come from these investments.

William Schuman was an American composer and arts administrator.