Table of Contents

A Handbook of Cultural Economics, Second Edition

A Handbook of Cultural Economics, Second Edition

Elgar original reference

Edited by Ruth Towse

The second edition of this widely acclaimed and extensively cited collection of original contributions by specialist authors reflects changes in the field of cultural economics over the last eight years. Thoroughly revised chapters alongside new topics and contributors bring the Handbook up to date, taking into account new research, literature and the impact of new technologies in the creative industries.


Ruth Towse

Subjects: economics and finance, cultural economics, intellectual property, public sector economics


Ruth Towse Over the last 50 years, cultural economics has established itself as a field of study that is relevant to arts organizations, creative industries, cultural policy and, increasingly, to economic policy for growth and development. It began modestly in the 1960s with an interest in the economic analysis of the finance of museums and the live performing arts, and has spread and evolved into a broader analysis of the cultural or creative industries and their role in the creative economy. This ‘new’ economy is dominated by the digital revolution in the use of knowledge and information and its distribution via the Internet; it is shaped by the need to foster creativity and to understand the production and consumption of creative goods and services. While most economists hold that the new economy does not call for a new kind of economics, nevertheless new concepts have been adopted. Cultural economics has long wrestled with topics to which ‘ordinary’ economics did not seem fully applicable (for instance, understanding economic incentives for artists and other creators) and has accordingly developed an understanding of public policy issues concerning the development and support of the creative industries. Cultural economics now offers expertise in the analysis of markets for a wide range of creative products, ranging from art to digital television, and that is reflected in the topics covered in the second edition of this Handbook. That said, a substantial part of this book reflects subjects that have been studied in cultural economics for many years,...