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Why London’s Whitechapel Gallery Hired an Economist

London's Whitechapel Gallery has appointed economist Mariana Mazzucato as its first economist-in-residence, a three-year role aimed at rethinking how museums generate revenue and demonstrate social value. The gallery faces a £880,458 deficit, a 325% increase from the previous year, due to declining exhibition income, reduced trust and foundation funding, and cuts in Arts Council England grants. Mazzucato, a professor at University College London and director of the Institute for Innovation & Public Purpose, will advocate for treating culture as a strategic public investment.

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London's Wellcome Collection returns 2,000 manuscripts to the Jain community

London's Wellcome Collection is returning 2,000 Jain manuscripts to the Jain community, the largest such collection outside South Asia. Acquired in 1919 at a low price from a Jain temple in what is now Pakistan, the manuscripts will be transferred to the UK-based Institute of Jainology and deposited at the University of Birmingham. A Memorandum of Understanding is being signed at the House of Commons. The restitution bypasses the country of origin because the Jain community in Pakistan was displaced after the 1947 partition, leaving no suitable depository there.

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