Author: Arthurs, Alberta

Publication Year: 2002

Media Type: Periodical (article)

Summary:

Within the last decade, there has been a surge of scholarship, media commentary and experimentation on what is rather loosely referred to as the “new economy.” In the opening essay of this issue of the Journal of Arts Management, Law, and Society, Kieran Healy describes the major attributes of the “new economy” as the term is being used by philosophers, pundits, and practitioners. He suggests that three defining assumptions drive the “new economy.”

Abstract:

Within the last decade, there has been a surge of scholarship, media commentary and experimentation on what is rather loosely referred to as the “new economy.” In the opening essay of this issue of the Journal of Arts Management, Law, and Society, Kieran Healy describes the major attributes of the “new economy” as the term is being used by philosophers, pundits, and practitioners. He suggests that three defining assumptions drive the “new economy.” First, the new economy derives much energy and expectation from the enlarging new technologies, especially information technologies. Second, the new economy is globalized—it builds on world markets, goods and services, and transcultural transactions. And in the newest of the arguments about the new economy, the assumption is that its success and its spread increasingly depend on the “creativity” of individuals and of communities. There is a great deal of speculation about how much the nature of economics has actually changed in our time. How true, how different, how pervasive, how urgent, and how provable is the new economy? Healy’s essay not only defines the phenomenon, it also raises these questions. [Issue Introduction by Arthurs]

Arts & Intersections:

Categories: Technology and Innovation, Grantmaking, Creative Economies