Throw the money out the window: New ways of thinking about cultural funding
When: Wednesday, 23 August 2017, 3pm-4.30pm (Doors open from 2.45pm)
Cost: Free, but bookings are essential
Professor Jason Potts piqued the curiosity of delegates at the inaugural Creative State Summit with his thought provoking and paradigm shifting presentation that challenged assumptions around public policy and the ways government supports the creative economy.
According to Potts, the best way for governments to encourage innovation is not to fund excellence, but to help creative entrepreneurs discover value and create new markets. The best way to allocate funding may not be a competitive grants system, but random distribution – like throwing the money out the window.
Should we radically overhaul the system? Are entrepreneurs the answer to our creative evolution? One of the world’s leading evolutionary economists, Jason Potts will propose new ways of structuring public funding to accelerate a flourishing and sustainable creative economy.
More about Professor Jason Potts:
Jason is Professor of Economics at RMIT University in Melbourne. He is one of the world’s leading evolutionary economists, and currently Vice President of The International Joseph A Schumpeter Society. His research focuses on innovation economics and policy, complexity economics, institutional economics, public choice economics, the economics of cities, and the economics of creative industries. He has published five books on these topics, and over 70 scholarly journal articles. His current work centres on the theory of innovation commons, and the new economics of intellectual property. Jason has been extensively involved in developing new economic models of the creative industries, jointly with the ARC Centre of Excellence in Creative Industries, and also working with NESTA in London. He has a regular column in The Conversation commenting on creative industries policy.
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