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Creative Cultural Economy

  • Bruno S. FreyEmail author
Chapter
Part of the SpringerBriefs in Economics book series (BRIEFSECONOMICS)

Abstract

Industries combining creative cultural work and commerce today constitute a well-organized part of the economy. The creative cultural economy is characterized by high entry cost, great uncertainty, and strongly knowledge-based and labour-intensive production. It uses advanced, often digitized technology. Technological change may lead to lock-in effects. As a consequence, switching from an older to a newer technology may incur significant costs.

Keywords

Cultural work Creativity Commerce Knowledge-intensive Labour-intensive Digitized technology Entry cost 

Related Literature

Important contributions to the creative economy include

  1. Towse R (2001) Creativity, incentive and reward. An economic analysis of copyright and culture in the information age. Edward Elgar, Cheltenham UK and Northampton, MA. USAGoogle Scholar
  2. Throsby D (2001) Economics and culture. Cambridge University Press, CambridgeGoogle Scholar

Many topics are treated in the following collection of articles

  1. Towse R, Handke C (eds) (2013) Handbook on the digital creative economy. Edward Elgar, Cheltenham UK and Northampton, MA. USAGoogle Scholar

Contracts in the creative economy are analysed in

  1. Caves RE (2000) Creative industries: contracts between art and commerce. Harvard University Press, Cambridge MAGoogle Scholar

Copyright information

© The Author(s), under exclusive license to Springer Nature Switzerland AG 2019

Authors and Affiliations

  1. 1.CREW - Center for Research in Economics and Well-BeingUniversity of BaselBaselSwitzerland

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