Professor Sir Alan Peacock has worked in cultural economics for over 35 years and he pioneered much of what is now the core subject matter of the field. This paper traces the development of his theoretical work on the economics of the arts, heritage and broadcasting, and shows how it...

Most of the standard economic literature on copyright ignores a number of aspects that have considerable significance for cultural production and for artists, the primary creators of copyright works, the supply of which copyright is supposed to stimulate. Specifically, there is little mention in...

It is argued that human capital theory applies only weakly to artists' decisions about investment in schooling and training and about occupational choice. However, the same can be said about the sorting model. What is lacking in cultural economics is an understanding of talent and creativity,...