Creative Assets and the Changing Economy
Working Paper #21, Fall 2002
Steven Jay Tepper
Journal of Arts Management, Law and Society, Fall 2002.
This paper evaluates recent claims that art and culture have become
more valuable assets in the new economy. Based on conversations
with several prominent cultural economists, the author argues
that advocates and scholars should be more cautious in their attempts
to draw out the implications of the changing economy on culture.
Rather than spend time calculating the impact or size of the “creative
economy,” the author argues that we should direct our analytical
and policy energies toward better understanding how creative work
and institutions are changing and what might be done to foster
a more robust, creative and diverse cultural life.
The paper was published by the Journal of Arts Management,
Law and Society, 32 (2); Fall 2002. 159-168.
text version in PDF format.