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Chapter Title
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Conclusion: Value Constructs for the Creative Economy
2020
The Author(s)
Family Name
Granger
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Given Name
Rachel
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Abstract
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De Montfort University
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Leicester, UK
Email
rachel.granger@dmu.ac.uk
Reflecting on how thinking on the creative economy can be affected by the
richness of different examples of value accumulated in this book, the chapter
reiterates that we can no longer continue to rely on an axiomatic model, which
positions economic value exclusively at the centre of the creative economy.
There are inherent pitfalls in doing so and by way of alternative, an action-based
framework for conceptualising value construction is outlined, which provides
a richer understanding, and which is argued to be integral to processes and
interactions, through performance as -doing, -art form, -process, and -power.
Framing the different viewpoints of the creative economy through performance
uncovers new vocabulary, which is outlined and examined: seeing, revealing,
reinforcing, connecting, belonging, accumulating, resonating, expanding,
sustaining, and converging.
CHAPTER 13
Conclusion: Value Constructs
for the Creative Economy
Rachel Granger
Performing Value and ConstruCts
for ConCeiVing Value
One conclusion from the variety of perspectives offered on value construction both in the literature and also in this book would be that value in the
context of the creative economy is varied and multiplex, and as a result of
this complexity, tends to fall back on narrow definitions of economic practice. While entirely logical and reasonable, Part I of this book argues that
there are inherent pitfalls in doing so. By way of alternative, the book
offers an action-based framework for conceptualising value, tied to the
notion of performance. In Part II, the book considers the attributes considered to be valuable (useful) to one’s self and the principles or standards
that shape these, which might be viewed as performance of expression,
and shaped by performative power and experience. In Part III, the book
explores the different ways value is constructed and mediated through
processes and interactions, through performance as -doing, -art form,
-process, and -power.
R. Granger (*)
De Montfort University, Leicester, UK
e-mail: rachel.granger@dmu.ac.uk
© The Author(s) 2020
R. Granger (ed.), Value Construction in the Creative Economy,
Palgrave Studies in Business, Arts and Humanities,
https://doi.org/10.1007/978-3-030-37035-0_13
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Part I: Defining the Creative Economy Through Value
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In Chap. 1, the book outlined a case for viewing the creative economy
through the performing lens, which it was argued enables broader disciplinary reach. As a result, the book has allowed for less conventional
aspects of value to come to life through the different chapter contributions, and the condition of value has been further enabled in a way that
opens up new avenues of enquiry and a vernacular that enriches current
economic frameworks and terminology. In Chap. 2, Laura Parson’s valorisation of hidden cultural activities in societies, such as those taking place
in the household (hidden from view), and those in some way forced to
become hidden through power and soft institutions (that devalue the societal worth/perception of an attribute) speak of the way value in a creative
economy performs as a process and as power. As Laura argues, this goes
beyond what might be conceived as tacit, which alludes to the difficulties
of expressing culture or transmitting it as a complex form; it resonates
with institutional frameworks through, and by which power upholds and
subjugates societal views on what might be perceived as legitimate or visible, and belief systems on what is willing to become visible. In much the
same way as Lundvall (2002) expresses the power imbued in ‘local codes’
within epistemic communities, which effectively keeps outsiders at armslength, so power relations can play out in households and communities,
and manifest in a variety of ways: (1) marginalisation of a set culture; (2)
an unwillingness to share or reproduce cultural artefacts or processes for a
mainstream or commercial audience; (3) a tendency to hide cultural attributes including materiality and symbols from public display, (4) a concerted effort to reinforce the authenticity of a culture by restricting
ownership and practice within a designated community, and (5) deliberate
marginalisation of a set culture within society, for example, it has been
argued that the legitimacy of subcultures and ‘low’ culture are predicated
on powers of subjugation. Thus the idea that we might simply enrich taxonomies and measurement toolkits, as a worthwhile contribution to the
creative economy field, and to remedy existing flaws and deficits is to overlook the more complex power relations at play in a creative economy, and
the structure and agency within this (see Archer 1995; Barker 2005).
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Part II: The Creative Self
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In Chap. 3, Pinky Bazaz considers value in the creative economy both as a
factor input (university degrees as embodied and institutionalised cultural
capital) and by exploring the personal experiences of learning, which have
personal value. What is revealed through the data on higher education
performance in British universities is another power structure, which for
some plays out as a positive process of embodying new skillsets, and
expanding opportunities for capital accumulation in the graduate job market. For others, notably BAME groups,1 the experience at university is
shown to be comparatively less empowering, and creates an ideological
contestation over widening participation agendas in the higher education
system. Operating in an wider environment in which a premium is now
placed on creative skillsets, creative degrees are framed as commercially
lucrative and students’ own value of these are accordingly high at the
point of university entry. Yet the experience of BAME students at the
point of university exit across several creative disciplines is problematic,
and reflects real and marked differences in educational performance and
employment options between ethnic groups. Pinky’s use of statistics provide compelling evidence of ‘attainment gaps’ (Broecke and Nicholls
2007; HEFCE 2013; ECU 2017), which reinforce existing concerns
about meritocracy in the creative economy (e.g. O’Brien et al. 2016;
Taylor and O’Brien 2017; Brook et al. 2016).
Pinky’s contribution serves to remind us that students as feepayers,
now occupy a changing position as consumers in a creative economy, who
as a result, are more likely to reflect on the broader returns on investment
of creative learning, and the value of learning in both economic and social
terms. Resisting the inclination to interpret value as merely monetary
returns, which arise from converting cultural capital into economic capital,
Pinky draws on Rokeach (1973) to consider terminal value, or the sets of
standards, which guide and determine actions and attitudes. Building on
his earlier (1968) work on beliefs, attitudes, and values, Rokeach’s terminal values refer to those values that shape social structure such as equality,
social recognition, a sense of accomplishment, security, comfortable life,
exciting life, and so on, as well as the instrumental values that help achieve
these including ambition, capability, intellect, imagination, and independence. Social structure here refers to the social arrangement in society that
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emerges from and determines the actions of individuals, and lead to socioeconomic stratification. In the context of higher education and creative
skills, while there is a temptation to position degrees and students as
objects, which have monetary value in a commercial setting, the wider
experience of learning and being at university as a process and expression
of personal beliefs and values, can reveal important insights into the overall worth of higher education, within a wider society and system.
What is revealed here is that while the attainment gap between White
and BAME students has been explained partially by the relationship
between a student and university, and in particular, the barriers that might
prevent full BAME development, examining the relationship between student values and those of an institution can reveal much about a student’s
educational experience and value sets. Pinky notes here the importance of
social belonging at a university (e.g. role models, mentors) as well as personal attributes (the way education is viewed and used, and motivation for
learning), which shape construction of terminal values around security,
success, and so on, and can create markedly different social structures
around the same commercial degree. One student’s pursuit of ‘stardom’
through a creative degree (Currid-Halkett 2015), using the accreditation
system as a passport to high-earning jobs, may differ to another experience
that draws on the learning environment to grow skills and new experiences
and is likely to view returns in terms of ‘delayed value’. For BAME groups,
with poorer relationships with peers, with fewer role models, and a weaker
support community, as well as lower instrumental values such as capability
and ambition, the value of a degree may not be so much delayed, as devalued. In this sense, terminal values are inherently individual (e.g. one person’s accomplishments may differ to another’s) and while Pinky has not
attempted to map these in her contribution, she nevertheless makes a case
for critiquing widely held assumptions about the universal value and effects
of creative learning. Pinky’s contribution reminds us to consider differences in micro social values (BAME cohorts, Generation Z), which may
differ to hegemonic views of the creative economy as wealthy workers and
businesses; bearing little resemblance to other groups with different terminal and instrumental values, their learning and employment experiences,
their social and interpersonal interactions, and own positionality, from
which social acceptance and/or monetary value is shaped and ascribed.
Pinky concludes by making a connection between social values (societal
views of the value of higher education), personal and moral values, which
shape and are shaped by experiences and interactions within the higher
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CONCLUSION: VALUE CONSTRUCTS FOR THE CREATIVE ECONOMY
education system, and competency values, which ultimately shape employability and remuneration.
Pinky’s review of one’s creative self, shaped by individual beliefs and
moral systems, that ultimately shape social structure, play out in other
chapter contributions. Jennie Jordan and Ruth Jindall’s portrayal of a
changing arts landscape (Chap. 4), shaped by the power of so-called philanthropy, speaks to the power that underpins structure and agency. Jennie
and Ruth’s portrayal of financial actors who fund art in lieu of public
resources and who unwittingly constrain art access through their own
value systems, might be described as a type of cultural intermediary. The
literature on intermediaries has thus far considered the role of the new
middle classes whose actions mediate production and consumption of culture (following Bourdieu 1984, 1996), those economic imaginaries who
as market actors mediate between culture and the economy to qualify cultural goods for economic returns (see O’Connor 2015), and the more
recent birth of community actors who introduce and shape cultural consumption in communities (Perry 2019). While Maguire and Matthews
(2012) argue that the cultural intermediaries construct have been used as
a ‘descriptive catch-all’ for any creative activity or occupation, it does seem
that Jennie and Ruth’s account of philanthrophers who are neither market
agents nor necessarily part of the ‘petit bourgeoisie’ (in the way envisaged
by Bourdieu 1984) nevertheless shape content and access, in a way that
lends power to shaping consumer taste. It therefore provides a new
account of intermediaries who through financial power express their creative self to reproduce cultural consumer economies. Both Pinky’s work
on higher education experiences, and Jennie and Ruth’s account of philanthropy in the arts, reveal something of one’s creative self (expression),
shaped by power. Foucauldian discourse analysis has relevance here, in
providing insight into the way institutional power relationships exerted
through one’s language and practice, can shape the way groups and individuals use these to affirm their own identity, consolidate beliefs, and even
resist the effects of such power.
Foucault’s work (e.g. 1969) reinforces how power can inhere in institutions rather than individuals to effectively automate power and ‘disindividualise’ values and actions. In Chap. 5, Claire Lerpiniere’s account of
how fast fashion as a global institution exerts power on individuals and
demographic groups to affirm their own identity, in effect disindividualises
their creative self. Although Foucault’s work on the archaeology of power
was intended as a socio-physical reference point about power inhered in
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prisons, and later schools and hospitals, it nevertheless has salience in illustrating how power has its principles not so much in a person, as a concerted distribution of institutions with principles of control and order, and
in an arrangement that produces a set of relations in which individuals are
caught up. In other words, societal power relations, which coerce, command, direct, or influence the actions of others. Here Claire makes reference to the values or forces exerted on individuals to embody, and to
enhance social relationships, sense of identity, or affiliation to a brand or
group (brand values) and even ethical values or principles. Her work
implores us to consider the material value embodied within a textile, as
‘embodied situated bodily experience’ (Entwistle 2005) or second skin.
This embodied reading of textiles can lead to the creation of a personal
relationship between a garment as creative product, and individual, which
connects with deliberate design and textile thinking, and enables the
agency of textiles to come to the fore. As a result, Claire argues, interaction can lead to curatorial processes of owning, consuming, and caring for
a textile that detaches from the (global) economic power that connects
fast fashion and the consumer, and dominates the creative economy.
Claire’s reading of textiles through a phenomenological and existential
understanding of a garment sets out a practical way for culture and creativity as an art form in a post-consumption phase of fashion, which is in a
sense more ritualistic. Lury’s description of ‘post-consumption rituals’
connotes the personalisation of an artefact, as a means of reassigning its
meaning from that of the manufacturer or retailer, to that of an individual—that belongs to them and speaks to them (Lury 1996). In Chap. 6,
Malika Kraamer uses these same sentiments to examine the deliberate cultural consumption of Kente cloth as an exclusive garment in today’s
Ghana, as well as in a pan-African context, in a way that evokes a sense of
belonging and satisfaction among its wearers, with deep aesthetic value.
Malika argues that the continued wearing of the cloth over the last two
centuries is embedded in a sense of continuity and identity with the past
and current day identity as an expression of cultural value, which marks
gender, class, status, or role in more complex ways. As she argues, one way
to study the relationship between social identity and textiles is to look in
detail at the use of these fabrics in relation to the way that particular identities are achieved in wearing these textiles, for example, at occasions, in
political situations, or to promote social mobility. In that sense, Kente
cloth has more of an intrinsic value (Throsby 2001) rather than market
value, and Claire and Malika’s works both speak to connections made
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CONCLUSION: VALUE CONSTRUCTS FOR THE CREATIVE ECONOMY
through materials and their embodiment of meaning. In other words, textiles have power as a productive force that makes it possible to understand
and relate to ourselves, as well as others in the world around us.
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Part III: Collective Creative Spaces and Processes
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Starting in Chap. 7, the unique interactions between people and space are
examined in Part III of the book, to understand value construction in the
creative economy from a community and relational perspective. David
Rae’s analysis of learning and cultural exchange in communities in Cape
Breton, Canada, and Leicester, UK are used to depict cultural activities at
the micro scale, which he terms ‘intracultural’. David asserts that cultural
interactions and the value constructed from these are highly dependent on
the sharing of values, belief systems, and behaviours of a distinct group of
people, which here also share a spatial characteristic. The idea that relational proximity and a group’s ‘idioculture’ (Fine and Hallett 1979) provides the basis of connections that serve to create value in the creative
economy, and that this sustains and expands through innovation, is an idea
also shared in Chap. 8, where I explore the role of relational and cognitive
proximity in informal spaces, as a determinant of creative innovation. The
locus of value construction in Chap. 7 is the geographical construct of
‘home’, which is an important anchor for cultural identity, and which
frames the sharing of linguistics, signs, and symbols, and has wider social
and cultural meaning. In Cape Breton, this takes the form of ‘Caper’ cultural references and explicit references to membership of indigenous ‘family’ groups, which facilitate and authenticate cultural exchanges in the
area, while in Leicester these play out as ‘Asian’ cultural references and
connections, and the symbolic use of cuisine as a marker of membership
and connection. In Denmark (Chap. 8), the same ideas of proximity
(drawing on Boschma 2005) are forged through references to ‘music’ and
‘maker mindsets’, which provides a common basis for micro-level cognitive and relational social capital, and at the meso scale the structural proximity inhered in the physical characteristics (e.g. building, projects) and
informal organisation of maker spaces in a creative economy.
In Chaps. 7 and 8, cultural proximity made possible through shared
signs and narratives (or codes) is cited as a key determinant of economic
value construction in the creative economy, whereas in Chap. 9, cultural
and creative vision provides the basis for relational and structural proximity that drives change in Ouseburn in the North-East of England. In other
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words, in Chaps. 7 and 8, culture and creative value is the outcome of
interaction, and in Chap. 9, it represents the tool, which supports connections and through which political and economic change is enacted.
Similarly, in Chap. 10, ‘design’ as one area of the creative economy is
viewed as a valuable art form that drives a process of economic conversion.
While the focus, like that in Chaps. 7, 8, and 9 is economic in nature, the
chapter contribution reveals the way in which value is constructed through
highly intricate and subtle exchanges and processes that occur through
informal interactions at work, often hidden from the public gaze and
occurring in highly tacit forms. By way of example, David Heap and
Caroline Coles draw on furniture design, to highlight the tacit and multiplex characteristics of (incremental) design working in furniture production, which commercially remain hidden from economic and legal value
frameworks. As David and Caroline note, while ‘silent design’ remains a
powerful driver of economic value in the creative economy, ‘creations of
the mind’ as a product of the interplay within teams, is directly at odds
with the economic imperative of establishing ownership of intellectual
property, on which economic or commercial value is ascribed and converted. In Chaps. 11 and 12, these same ideas of hidden value, which sit
uncomfortably with economic frameworks and narratives, are extended.
In Chap. 11, empirical data on creative businesses and university staff in
Leicestershire reveal surprisingly low knowledge transfer between universities and business, which is not explained by the intellectual and research
capability of local universities. The data reveals a very strong role for ‘competitors’, ‘critical friends’, and ‘customers’ in driving innovation through
hidden pipelines, and is reflected in a high ‘intra-operability quotient’
(knowledge transfer from within the creative sector). As I argue, while
these other actors in the same sector remain largely hidden from the commercial and academic views of value construction in the creative economy
(see literature on New Economic Geography), they exert power by ‘legitimising’, ‘mediating’, and ‘enabling’ new value creation through local
social spaces. In Chap. 12, the notion of hidden action is reflected both in
the emergent—but often hidden—practice of Let’s Play, which has been
referred to as non-narrative machinima (Menotti 2014) and is a subculture of gaming. The Let’s Play community of practice acts as a key
locus for value creation, creating a hidden value chain between gamers, IP
owners, business stakeholders including advertisers, and followers.
Examples of value in the Let’s Play community exist as social value through
social interaction, cultural value through learning and development of
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CONCLUSION: VALUE CONSTRUCTS FOR THE CREATIVE ECONOMY
emerging production techniques, economic value through advertising and
merchandise, and symbolic value in the lure and motivation of an audience. The case study reveals that social value is the most universally sought
form of value (in the case study used), and reinforces the idea of relational
capital as the key locus of value construction in a creative economy.
Where does this leaVe us?
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There is no doubt at all that the 13 chapters in this book have confirmed
the creative economy to be of the moment but also that more needs to be
done to revisit the narratives and the policy agenda that support value
construction. Framing the different viewpoints of the creative economy
through performance as has been done here (as doing; as an art form; as
expression; as power; as a process; and as experience) has been rewarding
in thinking about value beyond cursory views of economic worth, and in
a way that uncovers new vocabulary, which offer a capacious approach to
considering performance in the creative economy:
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• Seeing—We have gleaned key information from seeing the creative
economy expressed in new terms—especially through actions, relationships, and materiality. These actions and belongings reflect the
value placed on different activities, different items, different communities and sectors, and new extensions of identity, which have
revealed new insights to the way value emerges and builds.
• Revealing—With the viewpoint slightly altered, and using a different
lens, different surfaces or views have become visible, especially where
value construction remains largely hidden in processes or away from
the public gaze. This was particularly apparent in case studies of
value being constructed in hidden spaces (in design industries, in
maker spaces, and within geographical and ethnic communities).
• Reinforcing—Some views have reinforced existing thinking and
understanding on key practices or terms, especially on issues of relationality or power, while other views have enabled mainstream thinking to be challenged (e.g. the role of stakeholders such as universities),
or reinforced new ideas or new processes of value construction (e.g.
the role of informal organisations).
• Embodying—What some may see as inanimate objects or artefacts, or
processes, others understand as symbolic objects or actions that go
beyond art form or function, to embody a living cultural or creative
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practice, and as a tool for value creation. An object in its material
form embodies knowledge and practices, and may stand for value
that is still emerging, through a wider process, and this was highly
visible in accounts of textiles and garments, but also in the game play
at the heart of new digital formats (Let’s Play).
Connecting—Belonging—Physical belongings remain connected to
their narratives and communities of origin, that connect users to
their creation stories, and may be reinforced through wider display
and awareness. Some accounts connect the user with complex symbolic forms, and express fundamental relationships between human
beings, or humans to physical spaces. Some accounts express an
affinity for a place or situation, and can evoke different responses
from those who read and reflect on the wider meanings and significance of accounts. This was visible especially in accounts of belonging in maker spaces and in micro entrepreneurial communities in
Cape Breton and Leicester. Actions and accounts that connect people, objects, and places, provide a narrative that helps us to understand the world around us, and connects theory to praxis.
Accumulating—How do experiences or material objects embody
histories? Using different frameworks, these experiences (actions)
and objects accumulate stories, encourage new conversations and
relationships, which accumulate value over time, and help to build
new narratives.
Resonating—These accounts and in some cases, art forms resonate
today. They are inspiring and challenging, and provide key links that
help us to understand and make sense of, or feel in common with
wider phenomena.
Expanding—Through these cases and discussions, new knowledge
has been encouraged to expand scholarly and policy reach, in a way
that helps to rebuild knowledge, and renew connections between
objects, people, community, and living creative/cultural practice.
Sustaining—These different accounts record and protect ideas for
others to draw from and in a way that sustains learning and thinking.
Converging—The idea that two viewpoints can occupy the same
space at the same time is central to the creative economy, and in several chapters conflicting accounts encourage the reader to reflect on
this new convergence—or collision—of value in time and space, in a
way that expands existing thinking and understanding.
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CONCLUSION: VALUE CONSTRUCTS FOR THE CREATIVE ECONOMY
In the first two chapters of this book, we have explained how the concept of value in the creative economy first emerged within research and
policy fields, the pitfalls of this, alternative ways of thinking about the
same issue performatively. This performance framework was applied in the
remainder of the book. The framework has shed light upon important
connections and relationships, and new terms, as outlined above. These
terms give us tools for understanding how people speak in terms of value
construction—shaped by wider power relations—which might inform
emerging policy on the creative economy, and potentially opens up new
avenues of research, for example, through the Creative Industries Policy
and Impact Centre at NESTA, and the Centre for Cultural Value at Leeds.
Through the different chapter contributions, both empirical and conceptual, our aim was to bring together different researchers from different
fields, to engage in a diverse range of views and creative practices to stimulate new thinking on the creative economy, and also to raise new questions
relating to value construction. While the different chapters reinforce the
view that culture and creativity matter, through the use of different lens
and new constructs, the book provides an alternative view of how policy
might begin to evidence the impacts on individuals and communities. Our
own thinking and view of the creative economy has been affected by the
sheer richness of stories of value accumulated in this book, which suggest
we can no longer continue to rely on an axiomatic model, which positions
economic value exclusively at the centre of the creative economy. Our
hope is that community practitioners and policy makers can see the pitfalls
of continued overreliance on economic tools, and look towards the alternative framework and constructs outlined here, which we believe have
stood up well, and would help remove constraints. To conceive of the
creative economy as a broader performance, and to deploy some of the
additional constructs outlined in this chapter, is to tap into an incalculably
large resource of ideas that can transform existing thinking, and tackle
existing deficits. Fundamentally, it requires thinking differently. Supported
by fellow thinkers, the conversations in this book help.
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