From Tenth Street to Studio 54: On the Social Life of Creatives

In her recent book The Warhol Economy, Elizabeth Currid proposes that ―cultural economies operate differently from other industries‖ such as ―finance, law and manufacturing‖ which tend towards a ―formal, rigid set of institutional arrangements. While an agglomeration of firms and labour pools can be an asset in any industry, in the case of artistic and other types of cultural production, spatial proximity and face-to-face social interaction become the ―decisive mechanism[s] by which cultural products and cultural producers are generated, evaluated and sent to the market."