culture econ 101
a decent read from London by the guardian...
"The financial power of the creative industries - comparable, we're told, to the financial-services sector, and growing at twice the speed of the general economy - was the subject of a report from the Work Foundation published the day before the change of premiers. This was partly because of the risk that the foreword by culture secretary Tessa Jowell might have a sell-by date, but also because the celebration of entertainment - or "knowledge economy" in the report's coinage - feels instinctively more Blairite than Brownite."
read the full text here. it has always been difficult applying market economics to art & culture, and after a few reads, the circular nature of this article reveals that very truth...
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