Richard E. Caves
Author of World Trade and Payments: An Introduction
About the Author
Richard E. Caves is the Nathaniel Ropes Professor of Political Economy, Emeritus, at Harvard University
Works by Richard E. Caves
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Common Knowledge
- Gender
- male
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Criticized now by Ramseyer/Miwa for believing in Keiretsu, but at least gives a historical picture of how the Japanese economy was conceptualized in the 60s and 70s.
Important book on the economics and mechanics of creative industries.
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- Works
- 20
- Members
- 207
- Popularity
- #106,920
- Rating
- 3.3
- Reviews
- 3
- ISBNs
- 64
- Languages
- 1
The author combines a seasoned economic approach with an in-depth knowledge of these industries.
The core approach of this book is the toolbox of industrial organization. The authors starts by asking what form of contractual (including implicit contracts) exist between players, and show hos these forms reflect the specificities of the sector and shape the incentives of artists, producers and other professionals. Doing so, it covers an impressive amount of ground, to the point it is almost comprehensive with respect to the US arts and entertainment sector (non-US situations my differ, especially in terms of regulation, by the same insights generally apply).
Although the reasoning is sound and up-to-date with research, the book is fully non-technical, which makes it a good introduction to the domain for the economist and non-economist alike.
The fact that only a chapter on the digitalization of contents could be added to it in 2012 in order to keep it abreast with current issues is a testimony of the quality of this work.… (more)