 Creative Production in the Creative IndustriesMichael Hutter ()
A chapter in The Two Sides of Innovation, 2013, pp 159-165 from Springer Abstract: Abstract Branches of the economy that depend strongly on a constant flow of novelty, namely those of the cultural and the creative sector, have played a central role in reversing the trend towards homogenization which, according to Schumpeter, threatened to stifle the innovative process. The particular conditions leading to the production and consumption of novelties are discussed. Most of these goods are information goods that generate affective sensations in their users. As the goods are offered and accepted by a public, valuations of their quality are communicated among amateurs and experts. The combination of surprising information and devices of valuation frames the production process in the creative industries. An economy’s capacity for processes that appreciate and depreciate new contributions, and its capacity to keep the accumulated novelty capital available in material and virtual archives, is decisive for its sustained growth. Keywords: Economic Sector; Creative Destruction; Creative Industry; Creative Economy; Audiovisual Medium (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:spr:eccchp:978-3-319-01496-8_8 Ordering information: This item can be ordered from DOI: 10.1007/978-3-319-01496-8_8 Access Statistics for this chapter More chapters in Economic Complexity and Evolution from Springer |
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