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"Culture is a priceless inheritance and source of wellbeing that is of immense value to humankind. Cultural economics sets out to examine the nature and social benefits of cultural products and phenomena as they exist in the market. This volume is the masterpiece of Li Yining, one of the best-known Chinese economists, active in devoting his attention to the role of culture in the economy since the 1950s. Considering the importance of culture in the development of socialism with Chinese characteristics, the author combines cultural history, economic history and the history of economic thought to produce unique perspectives. This book not only introduces the central concepts of cultural economics and the culture industry, but proposes several groundbreaking views that greatly influenced the culture policies of China, including cultural adjustment, cultural confidence and cultural checks and balances. Researchers and students of economics, cultural studies, and Chinese politics, as well as policy makers, will benefit from this volume."

Cover -- Half Title -- Series Information -- Title Page -- Copyright Page -- Table of contents -- Introduction -- 1 Basic concepts of cultural economics -- 1.1 Starting from the special nature of cultural products -- 1.1.1 Cultural products -- 1.1.2 Two transaction processes -- 1.1.3 Whether it is one transaction process or two transaction processes, the special nature of cultural products does not go away -- 1.1.3.1 The lag in the social evaluation of cultural products -- 1.1.3.2 What are the criteria for the social evaluation of cultural products? -- 1.1.3.3 Are the social evaluation standards for cultural products static or do they change? If the criteria for the social evaluation of cultural products change, then how do they change? -- 1.2 Social evaluation of the use value of cultural products -- 1.2.1 Social evaluation of the use value of goods -- 1.2.2 The difference between the use value of cultural products and general goods -- 1.2.3 How should we evaluate and look at the use value of cultural products? -- 1.3 Economic benefits of cultural products creation -- 1.3.1 The creators' costs in cultural products -- 1.3.2 Resource allocation efficiency and the resource allocation adjustment of creating producers of cultural products -- 1.3.3 Introduction of the third efficiency concept: X efficiency and the production status of cultural products -- 1.3.3.1 Inconsistent collective goals and personal goals -- 1.3.3.2 Disharmony with individual employees and between employees -- 1.3.3.3 How to guide employees to get rid of their "inertia range" -- 1.3.3.4 The premium of cultural products -- 1.4 Social benefits of cultural products creation -- 1.4.1 Judgement and determination of the social benefits of cultural products creation.

The cultural industries and their products and services make a significant contribution to the global economy and are seen as strategic sectors for sustainable economic growth. However, industries such as art, design, film, music, performing arts, publishing, television and radio, present particular challenges for economic analysis. They can be goods or services that are both public and private, protected by copyright and freely available, consumed and created, as well as susceptible to fashion and technological development.In this fascinating introduction to the cultural economy, Christiane Hellmanzik examines the market for creative work and reveals the economic relationships between human creativity, intellectual property and technology. Through the careful use of case studies, the book explores the core economic considerations such as supply and demand, competition and pricing, alongside macro trends such as globalization, digitalization and the internet, which are changing the industry's business models.

Contents: 1 Introduction / Trine Bille, Anna Mignosa and Ruth Towse -- 2. Teaching cultural economics / Ruth Towse -- 3. Cultural economics - in research and teaching / Trine Bille -- 4. Why a(nother) book on cultural economics? / Anna Mignosa -- 5. My approach to teaching cultural economics: Why, how, what? / Françoise Benhamou -- 6. Teaching cultural economics: the perspective of a decade / Bruce A. Seaman -- Part I: Economics of public support for arts and cultural organizations -- 7. Economic arguments for public support of arts and culture / Trine Bille -- 8. Cultural value and economic value in arts and culture / Patrycja Kaszynska -- 9. Performance assessment in cultural institutions / Luis César Herrero-Prieto and María José del Barrio-Tellado -- 10. Economic impact studies / Trine Bille -- Part II: Financing cultural production -- 11. Tax incentives for the cultural sector / Sigrid Hemels -- 12. Tax incentives for international giving to the cultural sector / Renate Buijze -- 13. Philanthropy / Luigi Di Gaetano and Isidoro Mazza -- 14 the economics of crowdfunding / Françoise Benhamou -- Part III: Artists' labour markets -- 15. Artists' earnings and labour markets / Trine Bille -- 16. Contracts for creators and performers in the creative industries / Ruth Towse -- 17. Busking as a source of income / Samuel Cameron -- 18. Creators' and performers' earnings from copyright / Ruth Towse -- 19. Superstars / Luc Champarnaud -- Part IV: Consumer behaviour in the cultural sector -- 20. Demand for cultural goods: key concepts and a hypothetical case study / Bruce A. Seaman -- 21. Consumer theory, market segmentation and audience research on cultural goods / Victoria Ateca-Amestoy -- 22. Consumer behaviour in the performing arts / Andrea Baldin -- 23. Digital consumption of cultural goods and services / Jordi McKenzie -- 24. Strategies for and experiences of audience development / Egil Bjørnsen -- 25. Big data: the new avenue for measuring cultural consumption? / Lydia Deloumeaux -- Part V: Digitization and copyright -- 26. Artificial intelligence and cultural creation / Joëlle Farchy and Juliette Denis -- 27. Digitization in museums / Trilce Navarrete -- 28. Paying for digital music / Christian Handke -- 29. The economics of e-books / Françoise Benhamou -- 30. BBC3 goes digital / Ruth Towse -- Part VI: Topics in economics of cultural and creative industries -- 31. Measuring the creative economy / Hasan Bakhshi -- 32. Art at the crossroads between creativity, innovation, digital technology and business, a case study / Elisabetta Lazzaro -- 33. Art galleries as market makers / Paolo Di Caro and Isidoro Mazza -- 34. Film economics / Tylor Orme and Darlene C. Chisholm -- 35. Cinema economics / Tylor Orme and Darlene C. Chisholm -- 36. Intangible cultural heritage / Kazuko Goto and Anna Mignosa -- 37. The economics of craft / Kazuko Goto and Anna Mignosa -- 38. Conservation of historical buildings: the rehabilitation of the Benedettini Monastery in Catania / Giacomo Pignataro and Ilde Rizzo -- Index.

Machine generated contents note: Part I. General Issues in Cultural Economics: 1. Introduction to cultural economics; 2. Economic profile of the cultural sector; 3. Economic organisation of markets in the creative industries; 4. The digital creative economy; 5. Production, costs and supply of cultural goods; 6. Consumption, participation and demand for cultural goods and services; 7. Welfare economics and public finance; Part II. The 'Traditional' Arts and Heritage: 8. Economics of the performing arts; 9. Economics of museums and heritage; 10. Economics of festivals, cities of culture, creative cities and cultural tourism; 11. Economic evaluation cultural policy; Part III. Artists' Labour Markets and Copyright: 12. Economics of artists' labour markets; 13. Economics of copyright; Part IV. The Creative Industries: 14. Economics of creative industries; 15. Economics of the music industry; 16. Economics of the film industry; 17. Economics of videogames; 18. Economics of broadcasting; 19. Economics of book publishing; Part V. Conclusion: 20. Conclusion.

'Ruth Towse presents a fabulous, broad ranging overview of cultural economics. The book is up to the state of knowledge, is easy to read and reveals sound judgment. I highly recommend the book to anyone concerned about the relationship of culture to society - as everyone should!'- Bruno S. Frey, University of Zurich, Switzerland and Zeppelin University, GermanyElgar Advanced Introductions are stimulating and thoughtful introductions to major fields in the social sciences and law, expertly written by some of the world's leading scholars. Designed to be accessible yet rigorous, they offer concis