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Reconceptualising the relationship between the creative economy and the recession: learning from the financial crisis

Research output: Contribution to journalArticle

Andy C. Pratt, Thomas A. Hutton

Original languageEnglish
Pages (from-to)86–95
JournalCITIES
Volume33
DOIs
Publication statusE-pub ahead of print - Aug 2013

King's Authors

Abstract

This paper uses the financial crisis as an opportunity to examine a number of key questions about the relationship of the creative economy and the city. We argue that weak conceptualisation of the nature of the relationship between the creative economy and the city, as well as a lack of clarity about what the creative economy is, has subverted debates about this important topic. This paper comprises four major sections: the first introduces the field of the creative economy, the second section seeks to clarify what exactly we mean by the term financial crisis; here we highlight the multifaceted character of the financial crisis and is variable impacts across the field of the creative economy. The third part outlines the range and diversity of the actually existing relations between the creative economy and the city. In the fourth section we reflect upon the earlier argument to consider what we can learn about the impacts (actual and expected) of the financial crisis on the creative economy and the city, and additionally to reflect upon what this might indicate about the changing and perhaps transformed relationship between the creative economy and the city in the last quarter century.

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