A Textbook of Cultural Economics

This second edition offers a comprehensive, up-to-date overview and analysis of cultural economics in the digital creative economy.

Ruth Towse (Author)

9781108432009, Cambridge University Press

Paperback / softback, published 15 August 2019

720 pages
24.5 x 17.4 x 3.2 cm, 1.43 kg

'The first edition of A Textbook of Cultural Economics has become a standard work providing an accessible introduction to the application of economic principles and methods to problems in the arts. The book is distinguished by its respect for economic theory, its use of data, and its wealth of illustrative examples. The second edition retains the content and attractive features of the first, but extends the coverage in many ways including the addition of new chapters on the digital economy and the games industry. This book can be highly recommended to students, arts and culture professionals, policy-makers and others as a sound and comprehensive introduction to an increasingly important field of economics.' David Throsby, Macquarie University, Sydney

Now in its second edition, A Textbook of Cultural Economics is an established resource for many courses, including economics of the arts, the cultural and media industries, and the digital creative economy. Authored by Ruth Towse, a widely recognised expert in cultural economics, the book offers a comprehensive, up-to-date overview and analysis of the field in the digital era. Written in an accessible style, and with suggestions for further reading, it covers a range of topics, from the more traditional arts to the creative industries (such as music, film, games, broadcasting, and publishing), as well as the economics of artists' labour, markets and copyright. This second edition considers the creative economy up to the present, emphasising the role of digitisation across the creative industries. It will appeal to students taking courses in the economics of art and culture, and can also be used in courses on arts management and cultural policy.

Part I. General Issues in Cultural Economics: 1. Introduction to cultural economics
2. Economic profile of the cultural sector
3. Economic organisation of markets in the creative industries
4. The digital creative economy
5. Production, costs and supply of cultural goods
6. Consumption, participation and demand for cultural goods and services
7. Welfare economics and public finance
Part II. The 'Traditional' Arts and Heritage: 8. Economics of the performing arts
9. Economics of museums and heritage
10. Economics of festivals, cities of culture, creative cities and cultural tourism
11. Economic evaluation cultural policy
Part III. Artists' Labour Markets and Copyright: 12. Economics of artists' labour markets
13. Economics of copyright
Part IV. The Creative Industries: 14. Economics of creative industries
15. Economics of the music industry
16. Economics of the film industry
17. Economics of videogames
18. Economics of broadcasting
19. Economics of book publishing
Part V. Conclusion: 20. Conclusion.

Subject Areas: Media, information & communication industries [KNT], Economics [KC], Cultural studies [JFC], The arts [A]