Artificial Intelligence and Artistic Imagination: Revisiting the Cultural Economy of Industrial Revolutions

Octavian-Dragomir Jora, Mihaela Iacob, Vlad I. Rosca, Mihai-Razvan Nedelcu, Alexandru Florin Preda and Matei-stefan Nedef
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Octavian-Dragomir Jora: Bucharest University of Economic Studies, Romania
Vlad I. Rosca: Bucharest University of Economic Studies, Romania
Mihai-Razvan Nedelcu: Bucharest University of Economic Studies, Romania
Alexandru Florin Preda: Bucharest University of Economic Studies, Romania
Matei-stefan Nedef: Bucharest University of Economic Studies, Romania

The AMFITEATRU ECONOMIC journal, 2024, vol. 26, issue 66, 630

Abstract: The economic naturally meets the cultural because both spheres deal, differently albeit convergingly, with values and valuations . Materially crafted and spiritually charged, tactile/tangible and ineffable/intangible, privately owned and collectively enjoyed, nourished currently and cherished diachronically, the supply of demandable cultural goods and services defines and refines us as humans. The economics of culture, notwithstanding its deeply rooted epistemological fragilities pricing the pricelessness of masterpieces or fitting artistry into production functions , is in greater distress when asked to predict how tech sense will affect human sensibility. Job specifications and business structures become under assail when technologies unfold, as it is the case with the Fourth Industrial Revolution (IR 4.0) and its long prophesized and still surprising Artificial Intelligence (AI). The present article aims at shedding some critical and creative light onto three lines of inquiry at the byroads of industriousness and artfulness with economics, as well as ethics. Firstly, the outstanding social-political-economic traits pertaining to the historical waves of Industrial Revolutions are re-inventoried, observing both peculiarities and patterns. Secondly, there are emphasized, although hardly exhausted, the prevailing economic reciprocations between the technological shifts and the cultural movements (in visual arts). And thirdly, given envisageable megatrends, catalysts/inhibitors and game-changers, AI s impact upon the art economy is investigated and illustrated via some emblematic cases. This study aims to open up a frontier research the future of cultural ecosystems , addressable/assessable as exercises of immersive foresight, and not as detached forecasting.

Keywords: Artificial Intelligence; Industrial Revolutions; technology; digital art; cultural and creative sector; art movements; cultural economics and economy. (search for similar items in EconPapers)
JEL-codes: O33 O55 Z11 Z13 (search for similar items in EconPapers)
Date: 2024
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