What to Make of New York's New Economy? The Politics of the Creative Field

Inner-city ensembles featuring novel mixes of culture, technology and commerce are generating synergies of production, consumption and place. Yet, this 'new economy of the city' is also linked to contradictory economic impulses and negative effects. Proposing that economistic accounts have...

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Bibliographic Details
Published in:Urban studies (Edinburgh, Scotland) Scotland), 2009-05, Vol.46 (5/6), p.1063-1093
Main Author: Indergaard, Michael
Format: Article
Language:English
Subjects:
Alleys
Business structures
Consumption
Cultural industries
Culture
Downtowns
Economic sectors
Gentrification
Housing
Industrial policy
Inner city
Knowledge
New York
New York City New York
Political Economy
Political Power
Politics
Production Consumption Relationship
Real estate
Real estate economics
Technology
United States
Urban economics
Urban planning
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Summary:Inner-city ensembles featuring novel mixes of culture, technology and commerce are generating synergies of production, consumption and place. Yet, this 'new economy of the city' is also linked to contradictory economic impulses and negative effects. Proposing that economistic accounts have a limited ability to explain the rise of these ensembles, their effects and the possibilities for policy, the idea of a 'creative field' is revised in order to analyse how politics have shaped a creative ensemble in Lower Manhattan. It is shown that the political influence of real estate has helped to displace firms and residents of modest means, and has stunted campaigns by creative sectors to access resources, build institutions and upgrade capacities. However, a survey of creative industry politics hints at alternative policies that, in the wake of the financial collapse, might promote progressive ties between creative segments and modest neighbourhoods.
ISSN:0042-0980
1360-063X
DOI:10.1177/0042098009103855