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Creative Industries and Economic Evolution
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Creative Industries and Economic Evolution

9780857931924 Edward Elgar Publishing
Jason Potts, RMIT Blockchain Innovation Hub, School of Economics, Finance and Marketing, RMIT University in Melbourne, Australia
Publication Date: 2012 ISBN: 978 0 85793 192 4 Extent: 240 pp
The creative industries are key drivers of modern economies. While economic analysis has traditionally advanced a market-failure model of arts and culture, this book argues for an evolutionary market dynamics or innovation-based approach. The book explores theoretical and conceptual aspects of an evolutionary economic approach to the study of the creative economy. Topics include creative businesses and labour markets, social networks, innovation processes and systems, institutions, and the role of creative industries in market dynamics and economic growth.

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This insightful book offers a new way of looking at the arts, culture and the creative industries from the perspective of evolutionary economics.

The creative industries are key drivers of modern economies. While economic analysis has traditionally advanced a market-failure model of arts and culture, this book argues for an evolutionary market dynamics or innovation-based approach. Jason Potts explores theoretical and conceptual aspects of an evolutionary economic approach to the study of the creative economy. Topics include creative businesses and labour markets, social networks, innovation processes and systems, institutions, and the role of creative industries in market dynamics and economic growth.

Written by a leading academic expert in the field, this highly regarded compendium will prove essential for researchers and students of creative industries, cultural economics and evolutionary economics.
Contents
Contents: 1. Introduction 2. Cultural Economics vs Economics of Creative Industries 3. Young, Creative and Extremely Rich 4. Evolutionary Economics of Creativity 5. Creativity under Competition and the Overshooting Problem 6. Creative Labour Markets and Signalling 7. Identity Dynamics and Economic Evolution 8. Social Network Markets 9. Creative Industries Over an Innovation Trajectory 10. Fashion and Economic Evolution 11. Capitalism, Socialism and Culture 12. Four Models of the Creative Industries 13. Creative Clusters and Innovation 14. Novelty Bundling Markets 15. Creative Industries and Economic Development 16. Conclusion References Index
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