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A Textbook of Cultural Economics

$66.00 ( ) USD

  • Date Published: June 2010
  • availability: This ISBN is for an eBook version which is distributed on our behalf by a third party.
  • format: Adobe eBook Reader
  • isbn: 9780511764011

$ 66.00 USD ( )
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About the Authors
  • What determines the price drop of a pop concert or an opera? Why does Hollywood dominate the film industry? Does illegal downloading damage the record industry? Does free entry to museums bring more visitors? In A Textbook of Cultural Economics, one of the world's leading cultural economists shows how we can use the theories and methods of economics to answer these and a host of other questions concerning the arts (performing arts, visual arts, and literature), heritage (museums and built heritage) and creative industries (the music, publishing, and film industries, broadcasting). Using international examples and covering the most up-to-date research, the book does not assume a prior knowledge of economics. It is ideally suited for students taking a course on the economics of arts as part of an arts administration, business, management, or economics degree.

    • Covers 'high' and 'popular' culture
    • Non-technical discussion of economic theories so accessible to wide readership
    • International examples used throughout the text
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    Reviews & endorsements

    'There is no one more knowledgeable about the economics of the arts than the author of this book. Well and clearly written, it spans the economic literature, offering the reader understanding of the insights that economic research provides on this topic. It reports what has been learned about the prospects and problems that face this activity, which is so important for civilized society.' William J. Baumol, New York University

    'One is bound to have high expectations of anything written by Ruth Towse about cultural economics. Readers of her latest work will certainly not be disappointed. It is the most complete introduction to the subject ever produced. It covers description of the economic organisation of the arts with graphic examples ranging from the one-person business of the individual artist to giant enterprises such as the British Museum. The economic analysis is of a high order and will survive the critical scrutiny of the economic theorist and yet will also be accessible to those interested but not schooled in economic thinking. The discussion of policies towards the arts is particularly valuable, notably in respect of important controversies surrounding the place of the creative arts and copyright provision in government programmes.' Sir Alan Peacock, Heriot-Watt University and Fellow of the British Academy

    'Ruth Towse's name is one of the most widely known in cultural economics. Her many published contributions to the economics of the arts make her an ideal person to write a comprehensive textbook in this field. This book will not only be required reading for introductory courses in art economics, but will also provide an ideal overview for the non-specialist reader interested in finding out how economists think about the arts.' David Throsby, Macquarie University

    'A renowned cultural economist, Towse aims to employ theories and methods of economics to answer issues as diverse as fees for museum entrance and illegal downloading of music … She uses international examples and up-to-date research and does not assume a prior knowledge of economics.' The Times Higher Education Supplement

    'Towse's broad knowledge of the field is reflected in the book, which covers a tremendous amount of ground in its [pages] … It is a very good reference work, providing an excellent window into the state of research on cultural economics … and I am happy to have it available.' Julia F. Lowell, Journal of Cultural Economics

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    Product details

    • Date Published: June 2010
    • format: Adobe eBook Reader
    • isbn: 9780511764011
    • contains: 17 b/w illus. 27 tables
    • availability: This ISBN is for an eBook version which is distributed on our behalf by a third party.
  • Table of Contents

    List of figures
    List of tables
    List of boxes
    List of abbreviations
    Part I. General Issues in Cultural Economics: Introduction to Part I
    1. Introduction to cultural economics with appendix: brief introductions to the economic theories used in cultural economics
    2. Economic profile of the cultural sector
    3. Markets for cultural goods and services
    4. Economic organisation of the creative industries
    5. Production, costs and supply of cultural goods
    6. Audiences, participation and demand for cultural goods
    7. Welfare economics and public finance
    Part II. The 'Traditional' Arts and Heritage: Introduction to Part II
    8. Economics of the performing arts
    9. Economics of museums and heritage
    10. Economic evaluation of cultural policy
    Part III. Artists' Labour Markets and Copyright: Introduction to Part III
    11. Economics of artists' labour markets: theories
    12. Economics of artists' labour markets: empirical research
    13. Economics of copyright
    Part IV. The Creative Industries: Introduction to Part IV
    14. Economics of creative industries
    15. Economics of the music industry
    16. Economics of the film industry
    17. Economics of broadcasting
    18. Economics of book publishing
    19. Economics of festivals, creative cities and cultural tourism
    Part V. Conclusion: Introduction to Part V
    20. Conclusion
    Questions and exercises

  • Instructors have used or reviewed this title for the following courses

    • Art and Economics, new course in development for Wellesley College
    • Arts Administration and the Cultural Sector
    • Arts Leadership Seminar
    • Arts and Entertainment Economics
    • Business and Legal Issues in the Arts
    • Business and Society
    • Communication Economics
    • Culture, Corks, and Cuisine
    • Economic Issues
    • Economics of Art and Culture
    • Economics of Art and Entertainment
    • Economics of Creative Industries
    • Economics of Cultural Institutions
    • Economics of the Arts
    • Entertainment Finance
    • Entertainment Industry Economics
    • Global Business Design
    • Graduate Theatre Management
    • International Music Business
    • Introduction to Music Business
    • Legal Issues in the Music Industry 2
    • Media Economics
    • Media Industries
    • Music Business
    • Strategic Marketing: Formulation
    • The entertainment industry
  • Author

    Ruth Towse, Bournemouth University
    Ruth Towse is Professor of Economics of Creative Industries at Bournemouth University and Professor Emerita at Erasmus Univeristy, Rotterdam. Professor Towse is one of the world's leading cultural economists and has taught in universities in the UK, the Netherlands, Italy and Thailand. She was Joint Editor of the Journal of Cultural Economics from 1993 to 2002 and President of the Association for Cultural Economics International from 2006 to 2008. She is a fellow of the Royal Society of Arts.

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