A Textbook of Cultural Economics 2ND EDITION

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.

Ranging from the traditional arts to the creative industries (such as music, film, games, broadcasting, and publishing), this second edition offers a comprehensive, up-to-date overview and in depth analysis of cultural economics in the digital creative economy. It will be useful for courses in the economics of art and culture, arts management and cultural policy.

Ruth Towse is Professor of Economics of Creative Industries at Bournemouth University, where she is also Co-Director for Economics at the Centre for Intellectual Property Policy and Management (CIPPM), and CREATe Fellow in Cultural Economics at the University of Glasgow. In 2016, she was made Distinguished Fellow of the Association for Cultural Economics International (ACEI).