LAS 391K • SEMINAR IN ECONOMIC SYSTEMS
3:30 PM-5:00 PM
In this seminar we explore, using international comparisons where feasible, the ways in which creative industries, defined slightly more broadly than in Richard Caves' recent book of that name, can be used as catalysts for local and regional development, a subject in which there is growing interest, including, not least, in Austin and the State of Texas. The creative industries span all three sectors: that of private commercial production, that of government (regulatory, tax, and expenditure policies, and institutional operations), and that of not-for-profit enterprises. While we shall collectively review some key parts of the recent literature, each participant will have an opportunity to develop a research project of her or his choice in consultation with the seminar director, which project will be presented at the conclusion of the term in oral and written form. We particularly welcome those who have an interest in exploring the role of creative industries in development in Latin America, Asia, the Middle East, and Europe (where the Creative Sector has been most thoroughly explored in the UK), as well as, of course, the US. We shall be drawing upon the expertise of specialists in the UT Bureau of Business Research, economic consultants, and the Governor's Office for accessible sources of primary data and getting in touch with specialists at the Bureau of Economic Analysis who are trying to develop statistics for assessing the economic impact of organizations whose primary work is in arts, humanities, and culture.