Creative industries and economic evolution

The creative industries are key drivers of modern economies. While economic analysis has traditionally advanced a market-failure model of arts and culture, Potts argues for an evolutionary market dynamics or innovation-based approach. Exploration of 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.