This work offers a nuanced perspective based on empirical evidence of the role of talent and creativity for economic growth, prosperity, social and spatial inequality, and precarity in creative cities by arguing that creativity and talent need to be valued and eventually rewarded to achieve sufficient conditions for individual economic success. Shedding light on the recent momentum of a growing convergence of cultural and economic spheres in postindustrial societies by building on a case study of contemporary visual art from interviews with commercial gallerists. Written from an economic geography and historical-institutional perspective while leveraging the analytic strength of the established repertoire of other social science disciplines this book will provide a fascinating read for economic geographers and other social scientists researching the creative and knowledge economy as well as arts professionals aiming to better understand the process of making value of contemporary visual art.

Introduces a new conceptual framework of value making in the creative economy Reveals how the value of contemporary artworks is raised and how art careers are built Provides explanation for unequal distribution of rewards in the creative economy Includes supplementary material: sn.pub/extras

Autorentext
Melanie Fasche studies cities and the creative economy with a focus on value creation. She recently completed a Postdoctoral Fellowship in the Cities team at the Martin Prosperity Institute in the Rotman School of Management at the University of Toronto. While working on Richard Florida's Cities team she led a research project on urbanization and the rise of an urban creative class in Southeast Asia and assisted with teaching and educational development. Melanie completed her PhD in Urban and Regional Economic Studies at HafenCity University Hamburg, and previously worked as freelance consultant and visiting lecturer in Berlin.

Inhalt
Introduction.- 1. Practices of Making Value, Evidence from Gallerists.- 2. An Historical-Institutional View on Making Value.- 3. The Organization and Geography of Making Value.- Conclusion.- Epilogue.- Making of, list of commercial gallerists.