Creativity under competition and the overshooting problem

Earl, Peter and Potts, Jason (2011). Creativity under competition and the overshooting problem. In Creative industries and economic evolution (pp. 55-67) Cheltenham, U.K.: Edward Elgar.

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Author Earl, Peter
Potts, Jason
Title of chapter Creativity under competition and the overshooting problem
Title of book Creative industries and economic evolution
Place of Publication Cheltenham, U.K.
Publisher Edward Elgar
Publication Year 2011
Sub-type Research book chapter (original research)
Series New Horizons in Institutional and Evolutionary Economics
ISBN 9781847206626
184720662X
Chapter number 5
Start page 55
End page 67
Total pages 13
Total chapters 16
Collection year 2012
Language eng
Abstract/Summary The creative industries are key drivers of modern economies. While economic analysis has traditionally advanced a market-failure model of arts and culture, this book argues for an evolutionary market dynamics or innovation-based approach. The book explores theoretical and conceptual aspects of an evolutionary economic approach to the study of the creative economy. Topics include creative businesses and labour markets, social networks, innovation processes and systems, institutions, and the role of creative industries in market dynamics and economic growth. [from publisher's website]
Q-Index Code BX
Q-Index Status Confirmed Code
Institutional Status UQ
Additional Notes This paper was written in 2009 when Earl audited one of Potts's lectures on Hyman Minsky's 'financial instability hypothesis' and realized that a similar argument could be made about the competitive organizational dynamics of creativity. This is a truncated version of a longer paper yet to be published. [Prolegomena to chapter]

Document type: Book Chapter
Collections: Non HERDC
School of Economics Publications
 
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Created: Tue, 20 Sep 2011, 14:26:34 EST by Peter E. Earl on behalf of School of Economics