Handbook of Cultural Economics, Third Edition
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Handbook of Cultural Economics, Third Edition

Edited by Ruth Towse and Trilce Navarrete Hernández

Cultural economics has become well established as a subject of interest for students and teachers of courses ranging from economics to arts administration as well as for policy-makers and practitioners in the creative industries. Digitisation has had a tremendous impact on many areas of the creative economy and the third edition of this popular book fully reflects it.
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Chapter 14: Creative industries

Ruth Towse

Abstract

Defining the creative industries as consisting of firms that mass-produce or distribute goods and services with sufficient artistic content to be considered creative and culturally significant, the chapter proceeds to a discussion of their macro and micro economic aspects. Measurement of the size and growth of the creative industries has been an important feature of the macro side, while the analysis by Caves’ application of contract theory to analysing their industrial organisation has been a main feature of the microeconomic aspect. The role of copyright in both these approaches is discussed with reference to digitisation.

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