The Cultural Economy Moment?

This paper explores the rise of cultural economy as a key organising concept over the 2000s. While it has intellectual precursors in political economy, sociology and postmodernism, it has been work undertaken in the fields of cultural economic geography, creative industries, the culture of service i...

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Main Author: Flew Terry
Format: Article
Language:English
Published: Sciendo 2009-11-01
Series:Cultural Science
Online Access:https://doi.org/10.5334/csci.20
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author Flew Terry
author_facet Flew Terry
author_sort Flew Terry
collection DOAJ
description This paper explores the rise of cultural economy as a key organising concept over the 2000s. While it has intellectual precursors in political economy, sociology and postmodernism, it has been work undertaken in the fields of cultural economic geography, creative industries, the culture of service industries and cultural policy where it has come to the forefront, particularly around whether we are now in a ‘creative economy’. While work undertaken in cultural studies has contributed to these developments, the development of neo-liberalism as a meta-concept in critical theory constitutes a substantive barrier to more sustained engagement between cultural studies and economics, as it rests upon a caricature of economic discourse. The paper draws upon Michel Foucault’s lectures on neo-liberalism to indicate that there are significant problems with the neo-Marxist account hat became hegemonic over the 2000s. The paper concludes by identifying areas such as the value of information, the value of networks, motivations for participation in online social networks, and the impact of business cycles on cultural sectors as areas of potentially fruitful inter-disciplinary engagement around the nature of cultural economy.
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spelling doaj-art-df5be2cf295345688e31d59fdcf71ae12025-02-10T13:26:38ZengSciendoCultural Science1836-04162009-11-012113215310.5334/csci.2020The Cultural Economy Moment?Flew Terry0Professor of Media and Communications Creative Industries Faculty, Queensland University of TechnologyBrisbane, AustraliaThis paper explores the rise of cultural economy as a key organising concept over the 2000s. While it has intellectual precursors in political economy, sociology and postmodernism, it has been work undertaken in the fields of cultural economic geography, creative industries, the culture of service industries and cultural policy where it has come to the forefront, particularly around whether we are now in a ‘creative economy’. While work undertaken in cultural studies has contributed to these developments, the development of neo-liberalism as a meta-concept in critical theory constitutes a substantive barrier to more sustained engagement between cultural studies and economics, as it rests upon a caricature of economic discourse. The paper draws upon Michel Foucault’s lectures on neo-liberalism to indicate that there are significant problems with the neo-Marxist account hat became hegemonic over the 2000s. The paper concludes by identifying areas such as the value of information, the value of networks, motivations for participation in online social networks, and the impact of business cycles on cultural sectors as areas of potentially fruitful inter-disciplinary engagement around the nature of cultural economy.https://doi.org/10.5334/csci.20
spellingShingle Flew Terry
The Cultural Economy Moment?
Cultural Science
title The Cultural Economy Moment?
title_full The Cultural Economy Moment?
title_fullStr The Cultural Economy Moment?
title_full_unstemmed The Cultural Economy Moment?
title_short The Cultural Economy Moment?
title_sort cultural economy moment
url https://doi.org/10.5334/csci.20
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