At the origin of the notion of ‘creative' goods in economics: Scitovsky and Hawtrey

Bariletti, Antonio; Sanfilippo, Eleonora

doi:10.3280/spe2017-001001

Cited by 3 publications

(1 citation statement)

References 37 publications

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“…On the other hand, also Mill addresses the delicate issue of the difficulty to acquire the 'entrepreneurial' attitude necessary to enjoy his ideal stationary state by pointing out "the natural indolence of Mankind; their tendency to be passive, to be the slaves of habit, to persist indefinitely in a course once chosen" (ibid., p. 793). 5 _________________________ 4 For a lively reconstruction of how the Cambridge of the late 1920s constituted fertile ground for the ideas to be found in Keynes's writings, see Bariletti and Sanfilippo (2017).…”

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confidence: 99%

Keynes’s investment theory as a micro-foundation for his grandchildren

Nisticò

2020

Economics

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In contrast with the 'missing micro-foundations' argument against Keynes's macroeconomics, the paper argues that it is the present state of microeconomics that needs more solid 'Keynesian foundations'. It is in particular Keynes's understanding of investors' behaviour that can be fruitfully extended to consumption theory, in a context in which consumers are considered as entrepreneurs, buying goods and services to engage in timeconsuming activities. The paper emphasizes that the outcome in terms of enjoyment is particularly uncertain for those innovative and path-breaking activities, which Keynes discussed in his 1930 prophetic essay about us, the grandchildren of his contemporaries. Moreover, the Keynes-inspired microeconomics suggested in the paper provides an explanation of why Keynes's prophecy about his grandchildren possibly expanding leisure did not materialize yet. The paper finally points at the need for appropriate economic policies supporting consumers' propensity to enforce innovative forms of time use.

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confidence: 99%

Keynes’s investment theory as a micro-foundation for his grandchildren

Nisticò

2020

Economics

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Social Media and Digital Technologies Among Pottery Makers and in the Sewing Sector

Salamzadeh

Mortazavi

Hadizadeh

2022

Contributions to Management Science

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Pricing strategy as a leading predictor of the profitability in creative industry companies

Remeňová,

Kmety-Barteková,

Majdúchová

et al. 2024

Strategic Management

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Background: Price setting is a determinant of a company's profitability especially in the sector of creative industry (CI) and is intensively discussed in academic and business area. Purpose: The aim of this research paper is to investigate whether a well-defined and successfully implemented pricing strategy can significantly affect the profitability of companies in the creative industry. Study design/methodology/approach: This study investigates the differences in interval variables, including financial indicators, number of price management techniques, and price management metrics, between companies that have implemented pricing strategies and those that have not. To assess this, a two-sample t-test was used to compare the variables between the two groups. Since the creative industry is highly heterogeneous, we have analyzed the profitability of creative sub-industries more in detail through ANOVA test. Findings/conclusions: As it turned out, the analyzed parameters do not differ significantly in their average values, except for the parameter "Gross margin", where a statistically significant difference in average values was confirmed. Based on the findings of studies conducted by other authors as well as our own analyses, we conclude that assessing CI's profitability relative to other industries is inappropriate and represents only a simplistic view of the industry's performance. It is important to observe the profitability in each subindustry of CI, because the nature of the product (output) is different in each segment of this industry. Limitations/future research: Despite the initial findings, it was recognized that the research was limited to a single country and a specific industry. To gain further insight into the pricing and profitability of companies in the creative sub-industries and cultural industry, subsequent research should be conducted. It would also be useful to link the topic of pricing and profitability with the theme of revenue models including pricing models, pricing metrics and payment systems.

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At the origin of the notion of ‘creative' goods in economics: Scitovsky and Hawtrey

Cited by 3 publications

References 37 publications

Keynes’s investment theory as a micro-foundation for his grandchildren

Keynes’s investment theory as a micro-foundation for his grandchildren

Social Media and Digital Technologies Among Pottery Makers and in the Sewing Sector

Pricing strategy as a leading predictor of the profitability in creative industry companies

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