How Creative are the Super-Rich?
Potts, Jason D. (2006) How Creative are the Super-Rich? Agenda, 13(4), pp. 339-350.
This paper seeks to analyse the contribution of the ‘creative industries’ to the ranks of the super-rich. Rich list 2005-6 data for Australia and several other countries, indicate that while the creative industries represent only a small share of aggregate income (about five per cent) and an even smaller share of the largest national and global companies, they are disproportionately represented as generators of extreme personal wealth (about 10 per cent) and even more-so for the young rich (approximately one-third). Young fortunes are the stand-out feature of the creative industries from this perspective, and a tangible sign of their economic significance in both an open economy and an open society. The paper seeks to explain, from the evolutionary economic perspective, what this empirical finding might mean for public policy.
Impact and interest:
Citation countsare sourced monthly fromand citation databases.
These databases contain citations from different subsets of available publications and different time periods and thus the citation count from each is usually different. Some works are not in either database and no count is displayed. Scopus includes citations from articles published in 1996 onwards, and Web of Science® generally from 1980 onwards.
Citations counts from theindexing service can be viewed at the linked Google Scholar™ search.
Full-text downloadsdisplays the total number of times this work’s files (e.g., a PDF) have been downloaded from QUT ePrints as well as the number of downloads in the previous 365 days. The count includes downloads for all files if a work has more than one.
|Item Type:||Journal Article|
|Keywords:||Rich list, Creative Industries, Economic Evolution|
|Subjects:||Australian and New Zealand Standard Research Classification > STUDIES IN CREATIVE ARTS AND WRITING (190000) > JOURNALISM AND PROFESSIONAL WRITING (190300)|
|Divisions:||Current > QUT Faculties and Divisions > Creative Industries Faculty|
|Copyright Owner:||Copyright 2006 ANU|
|Copyright Statement:||Reproduced in accordance with the copyright policy of the publisher.|
|Deposited On:||13 Dec 2006|
|Last Modified:||29 Feb 2012 23:30|
Repository Staff Only: item control page