Creative Industry Economics - The Business of Art

Author: None
Publisher:
Publish Date: 2004-05-01
Features: The Economics of the Creative Industries will undoubtedly attract the attention of social scientists and humanities scholars who conduct research and draft cultural policies, as its unique perspectives cannot be overlooked by scholars who oppose the use of economic approaches to observe cultural phenomena. In today's field of cultural economics, sociology of the arts, and interdisciplinary analysis of art and cultural policy, such a work is urgently needed and will inevitably become a benchmark for evaluating research in these areas. This book examines the organizational forms of the creative industries, including visual arts, performing arts, film, audiovisual products, and book publishing. In each art industry, artistic inputs always need to be combined with ordinary labor inputs. The various inputs required in the art industries are linked through transactions, which involve inherent problems such as artists' emphasis on artistic quality, products often deviating from their artistic intentions, and the inability to determine audience recognition of artistic products before financial investment. Professor Richard Caves fills an important historical gap: no scholar has previously addressed the economic organizational structure of art and culture. The book is comprehensive, drawing on and referencing a large number of academic works and popular literature. The Economics of the Creative Industries is an outstanding work.