Jason Potts
Datos Biográficos
| ID | 3706545 |
|---|---|
| NOMBRE | Jason Potts |
| NOMBRES | Jason |
| APELLIDO | Potts |
| FIRMA | POTTS J |
| AFILIACIONES | RMIT University |
| ORCID | 0000-0003-1468-870X |
| VERIFICADO | Sí |
| TOTAL DE OBRAS | 44 |
| TOTAL DE CITAS | 68 |
| TOTAL COMO AUTOR | 43 |
| TOTAL COMO EDITOR | 1 |
| PRIMER AÑO DE PUBLICACIÓN | 2003 |
| AÑO MÁS RECIENTE DE PUBLICACIÓN | 2025 |
| ÍNDICE H | 5 |
The ‘natural state’ of blockchains
Validators perform services on blockchain networks, from which they earn rents. Groups of validators, however, have power over blockchain networks, which requires politics to control. This paper reports on a multiyear ethnography of the Validator Commons as an attempt to build a political system for validator governance. This study of the politics of a natively digital economy offers a rare contemporary insight into a critical phase of economic d…
Von Hippel innovation
Round about 1940, a number of elements related to innovation processes were pulled together and organized as ‘Schumpeterian innovation’. The result was to provide framing and focus – a useful new paradigm – to guide further innovation-related research. Today, we have reached the same point with respect to a new collection of innovation phenomena, defined relatively recently, that together contribute to a fundamentally different innovation paradig…
Erwin Dekker and Valeria Morea
The exchange theory of web3 governance
Blockchains have enabled innovation in distributed economic institutions, such as money (e.g., cryptocurrencies) and markets (e.g., decentralised exchanges), but also innovations in distributed governance, such as decentralised autonomous organisations. These innovations have generated academic interest in studying web3 governance, but as yet there is no general theory of web3 governance. In this paper, we draw on the contrast between a ‘romantic…
Embeddings
I argue here that the concept of embedding (understood in the mathematical and computer science sense) provides a general way of understanding the relation between generative AI, written language and semiotics, and animal cognition when understood recursively. I propose this framing as an application of cultural science and suggest that this offers a new way to understand the alignment problem between humans and increasingly intelligent machines
On Coase and Covid-19
From an epidemiological perspective, the COVID-19 pandemic is a public health crisis. From an economic perspective, it is an externality and a social cost. Strikingly, almost all economic policy to address the infection externality has been formulated within a Pigovian analysis of implicit taxes and subsidies directed by a social planner drawing on social cost-benefit analysis. In this paper we examine the alternative economic methodology of the …
Virtual reality for law enforcement training
We conducted an experimental evaluation of virtual training experiences (VTE) for law-enforcement training during an international policing conference (American Society of Evidence Based Policing). Among the volunteers (N = 77), 30% were female and 70% males with 49% employed in law enforcement and 51% in other occupations. Participants were outfitted with a controller gun, holster, and a virtual-reality headset. Each of four scenarios used invol…
The market for meaning
International policy coordination for blockchain supply chains
From the adoption of the shipping container to coordinated trade liberalization, reductions in trade costs have propelled modern globalization. In this paper, we analyse the application of blockchain to reduce the trade costs of producing and coordinating trusted information along supply chains. Consumers, producers, and governments increasingly demand information about the quality, characteristics, and provenance of traded goods. Partially due t…
A journal is a club
A new economic model for the analysis of scholarly publishing – journal publishing in particular – is proposed that draws on club theory. The standard approach builds on market failure in the private production (by research scholars) of a public good (new scholarly knowledge). In this model, publishing is communication, as the dissemination of information. But a club model views publishing differently: namely as group formation, where members for…
The social economy of coworking spaces
Coworking spaces are a rapid growing feature of modern cities, and increasingly popular with freelancers, knowledge workers, start-up communities, and others engaged in non-standard creative urban work. Drawing on ethnographic data gathered in a large case study of coworking spaces in Australia, we develop an economic model of an important aspect of coworking spaces in which a coworking space is a Schelling point. This argues that the main margin…
The Economics of Creative Industries
This timely volume explores the emerging field of the economics of creative industries. Professor Potts has selected key papers, authored by leading scholars, which cover the evolution and development of this new subject of study. Topics addressed include: the economic theory foundations, creative economic agents, contracts and organizations, creative industries dynamics and innovation, creative cities and clusters, as well as digital new media a…
How innovation commons contribute to discovering and developing new technologies
In modern economics, the institutions surrounding the creation and development of new technologies are firms, markets and governments. We propose an alternative theory that locates the institutional origin of new technologies further back in the commons when self-organizing groups of technology enthusiasts develop effective governance rules to pool distributed information resources. The ‘innovation commons’ alleviates uncertainty around a nascent…
Paris with snakes’? The future of communication is/as ‘Cultural Science’
What if communication has been pursuing the wrong kind of science? This article argues that the physics-based or ‘transmission’ model derived from Claude Shannon and criticised by James Carey does not explain how communication works. We argue instead for a model derived from the evolutionary and complexity sciences. Here, communication is based on dynamic systems of meaning (not individual ‘particles’ of information), and relations among knowledg…
Creative Industries and the Wider Economy
Researchers have argued that the creative industries have significant effects on the wider economy, with early agendas focused on urban regeneration, job creation, and economic value-added. Later work extended to new firm creation, the growth of new markets, and regional clustering and development. This chapter reviews the evolution of thinking on classifying the creative industries as a ‘sector’, or group of sectors, and outlines contributions o…
The Curious Case for Media Monopoly in Technology-Driven Sports
This article examines the effect of technological change (innovation) on sports. We argue that innovation affects a sport through two pathways: sports equipment and sports media. We propose a simple economic model with positive feedback, which predicts that technology-enhanced sports will dominate the sports ecology. There is also the opposite phenomenon of technological overshooting that causes the elite end of a sport to develop much faster tha…
Common innovation
Peter Swann has discovered a new type of innovationhe calls it 'common innovation'which is non-business, 'vernacular innovation' (lovely phrase, that) undertaken by the 'common man or woman', often involving 'quite ordinary and unexceptional activity ' (p.3). The purpose of this thoughtful and interesting book is to provide what is in essence a field report with fast-moving sketches of initial sightings, and an attempt to formulate some theoretic…
How the Social Economy Produces Innovation
Social economics has long been concerned with the effects on human societies of market-coordinated processes of economic innovation. But the social economy also causes invention and innovation, an aspect that has received less attention. This article reviews three new approaches to the study of the growth of knowledge in economic systems as driven expressly by sociocultural mechanisms and dynamics. The first are so-called “social network markets”…
New Technologies and Cultural Consumption
Theory Aside
Cultural Science
Cultural Science introduces a new way of thinking about culture. Adopting an evolutionary and systems approach, the authors argue that culture is the population-wide source of newness and innovation; it faces the future, not the past. Its chief characteristic is the formation of groups or ‘demes’ (organised and productive subpopulation; ‘demos’). Demes are the means for creating, distributing and growing knowledge. However, such groups are compet…
Key Concepts in Creative Industries
Creativity is an attribute of individual people, but also a feature of organizations like firms, cultural institutions and social networks. In the knowledge economy of today, creativity is of increasing value, for developing, emergent and advanced countries, and for competing cities. This book is the first to present an organized study of the key concepts that underlie and motivate the field of creative industries. Written by a world-leading team…
Towards a general theory of thrift
Thrift used to mean necessary scrimping and saving in order to get by. But more recently, with growing prosperity coupled with a heightened sense of global social and environmental fragility, the meaning of thrift has shifted in advanced economies connecting with various practices geared towards reconfigured modes of consumption and lifestyles – ethical, conscientious or collaborative. Many scholars and commentators have noted this shift and at l…
(C 2 I) 2 = CCI-CCI The CCI Creative City Index 2012
Sciendo provides publishing services and solutions to academic and professional organizations and individual authors. We publish journals, books, conference proceedings and a variety of other publications.
A World Map of Knowledge in the Making
Analysis of Wikipedia's inter-language links provides insight into a new mechanism of knowledge sharing and linking worldwide
Four models of the creative industries
What is the dynamic value of the creative industries from the economic perspective? This paper seeks to answer this question by proposing four models of the relationship between the creative industries and the whole economy, then examining the evidence for each. We find that growth models fit the data well, but not everywhere. We discuss the methodological and empirical basis for this finding and its implications for economic and cultural policy
Towards a general theory of thrift
Thrift used to mean necessary scrimping and saving in order to get by. But more recently, with growing prosperity coupled with a heightened sense of global social and environmental fragility, the meaning of thrift has shifted in advanced economies connecting with various practices geared towards reconfigured modes of consumption and lifestyles – ethical, conscientious or collaborative. Many scholars and commentators have noted this shift and at l…
Co-creating games
The phenomenon of consumer co-creation is often framed in terms of whether either economic market forces or socio-cultural non-market forces ultimately dominate. We propose an alternate model of consumer co-creation in terms of co-evolution between markets and non-markets. Our model is based on a recent ethnographic study of a massively multiplayer online game through its development, release and ultimate failure, and is cast in terms of two expl…
The social economy of coworking spaces
Coworking spaces are a rapid growing feature of modern cities, and increasingly popular with freelancers, knowledge workers, start-up communities, and others engaged in non-standard creative urban work. Drawing on ethnographic data gathered in a large case study of coworking spaces in Australia, we develop an economic model of an important aspect of coworking spaces in which a coworking space is a Schelling point. This argues that the main margin…
How innovation commons contribute to discovering and developing new technologies
In modern economics, the institutions surrounding the creation and development of new technologies are firms, markets and governments. We propose an alternative theory that locates the institutional origin of new technologies further back in the commons when self-organizing groups of technology enthusiasts develop effective governance rules to pool distributed information resources. The ‘innovation commons’ alleviates uncertainty around a nascent…
How the Social Economy Produces Innovation
Social economics has long been concerned with the effects on human societies of market-coordinated processes of economic innovation. But the social economy also causes invention and innovation, an aspect that has received less attention. This article reviews three new approaches to the study of the growth of knowledge in economic systems as driven expressly by sociocultural mechanisms and dynamics. The first are so-called “social network markets”…
A World Map of Knowledge in the Making
Analysis of Wikipedia's inter-language links provides insight into a new mechanism of knowledge sharing and linking worldwide
Economics of Non-Market Innovation and Digital Literacy
This article is an abbreviated version of a debate between two economists holding somewhat different perspectives on the nature of non-market production in the space of new digital media. While the ostensible focus here is on the role of markets in the innovation of new technologies to create new economic value, this context also serves to highlight the private and public value of digital literacy
Decision-rule cascades and the dynamics of speculative bubbles
The Prometheus school of information economics
This paper reviews 20 years of information economics in Prometheus. It finds broad coherence about the theme of information as knowledge‐capital, as distinct from information as a message in a market‐space. The paper suggests that micro‐foundations for the Prometheus school of information economics should be based in evolutionary micro‐economic theory rather than in neoclassical micro‐economic theory
Micro-meso-macro
How Creative are the Super-Rich?
This paper seeks to analyse the contribution of the ‘creative industries’ to the ranks of the super-rich. Rich list 2005-6 data for Australia and several other countries, indicate that while the creative industries represent only a small share of aggregate income (about five per cent) and an even smaller share of the largest national and global companies, they are disproportionately represented as generators of extreme personal wealth (about 10 p…
Toward an Evolutionary Theory of Innovation and Growth in the Service Economy
We propose a theory of innovation in services based upon the development of new markets that exploit the powers of ICT to coordinate service production and delivery. As digital communications and computational infrastructure have developed over the past few decades, the scale and scope of the service sector has also evolved such that it is now, we believe, in the midst of a productivity revolution driven by the ICT enabled decomposition of servic…
Decision-rule cascades and the dynamics of speculative bubbles
Cultural Economy
The Cultural Economy analyses the dynamic relationship in which culture is part of the process of economic change that in turn changes the conditions of culture. It brings together perspectives from different disciplines to examine such critical issues as: - the production of cultural goods and services and the patterns of economic globalization; - the relationship between the commodification of the cultural economy and the aesthetic realm; - cur…
Social network markets
Four models of the creative industries
What is the dynamic value of the creative industries from the economic perspective? This paper seeks to answer this question by proposing four models of the relationship between the creative industries and the whole economy, then examining the evidence for each. We find that growth models fit the data well, but not everywhere. We discuss the methodological and empirical basis for this finding and its implications for economic and cultural policy
Economics of Non-Market Innovation and Digital Literacy
This article is an abbreviated version of a debate between two economists holding somewhat different perspectives on the nature of non-market production in the space of new digital media. While the ostensible focus here is on the role of markets in the innovation of new technologies to create new economic value, this context also serves to highlight the private and public value of digital literacy
Why creative industries matter to economic evolution
This paper proposes that the ‘creative industries (CIs)’ play an important yet widely unexamined function in economic evolution through their role in the innovation process. This occurs in terms of the facilitation of demand for novelty, the provision and development of social technologies for producer–consumer interactions, and the adoption and embedding of new technologies as institutions. The incorporation of CIs into the Schumpeterian model o…
Do developing economies require creative industries? Some old theory about new China
This paper argues that media and communications theory, as with cultural and creative industries analysis, can benefit from a deeper understanding of economic growth theory. Economic growth theory is elucidated in the context of both cultural and media studies and with respect to modern Chinese economic development. Economic growth is a complex evolutionary process that is tightly integrated with socio‐cultural and political processes. This paper…
Does weaker copyright mean stronger creative industries? Some lessons from China
We review the theory of intellectual property (IP) in the creative industries (CI) from the evolutionary economic perspective based on evidence from China. We argue that many current confusions and dysfunctions about IP can be traced to three widely overlooked aspects of the growth of knowledge context of IP in the CI: (1) the effect of globalization; (2) the dominating relative economic value of reuse of creative output over monopoly incentives …
Four models of the creative industries
Quatre modèles d’industries créatives Les activités et industries culturelles sont aujourd’hui englobées dans une nouvelle approche, celle d’industries créatives. Dans ce contexte, les interrogations sur les contributions de la culture au développement économique peuvent être repensées de manière élargie. La contribution examine les différentes réponses possibles à cette question, et quatre modèles sont ainsi distingués: l’approche du bien être; …
Can behavioural biases in choice under novelty explain innovation failures
This paper proposes a new framework of ‘behavioural innovation economics’ as a synthesis of behavioural economics and innovation economics in the context of choice under novelty. The standard heuristics and biases framework of behavioural economics is applied to map and analyze systematic choice failures in the innovation process by distinguishing between choice under uncertainty and choice under novelty. Behavioural biases that affect choice und…
An entrepreneurial model of economic and environmental co-evolution
Co-creating games
The phenomenon of consumer co-creation is often framed in terms of whether either economic market forces or socio-cultural non-market forces ultimately dominate. We propose an alternate model of consumer co-creation in terms of co-evolution between markets and non-markets. Our model is based on a recent ethnographic study of a massively multiplayer online game through its development, release and ultimate failure, and is cast in terms of two expl…
Creative Industries and Economic Development
Creative Industries and Economic Evolution
The creative industries are key drivers of modern economies. While economic analysis has traditionally advanced a market-failure model of arts and culture, this book argues for an evolutionary market dynamics or innovation-based approach. The book explores theoretical and conceptual aspects of an evolutionary economic approach to the study of the creative economy. Topics include creative businesses and labour markets, social networks, innovation …
A Nobel Prize for Governance and Institutions
This paper reviews the 2009 Nobel Prize in Economics jointly awarded to Oliver Williamson for his work on governance in organizations and the boundaries of the firm, and to Elinor Ostrom for her work on the governance of common pool resources. We review the careers and the research contributions of Williamson and Ostrom to the theory and analysis of economic institutions of governance. Both winners of this Prize for ‘economic governance’ are thor…
(C 2 I) 2 = CCI-CCI The CCI Creative City Index 2012
Sciendo provides publishing services and solutions to academic and professional organizations and individual authors. We publish journals, books, conference proceedings and a variety of other publications.
A World Map of Knowledge in the Making
Analysis of Wikipedia's inter-language links provides insight into a new mechanism of knowledge sharing and linking worldwide
Key Concepts in Creative Industries
Creativity is an attribute of individual people, but also a feature of organizations like firms, cultural institutions and social networks. In the knowledge economy of today, creativity is of increasing value, for developing, emergent and advanced countries, and for competing cities. This book is the first to present an organized study of the key concepts that underlie and motivate the field of creative industries. Written by a world-leading team…
Towards a general theory of thrift
Thrift used to mean necessary scrimping and saving in order to get by. But more recently, with growing prosperity coupled with a heightened sense of global social and environmental fragility, the meaning of thrift has shifted in advanced economies connecting with various practices geared towards reconfigured modes of consumption and lifestyles – ethical, conscientious or collaborative. Many scholars and commentators have noted this shift and at l…
New Technologies and Cultural Consumption
Theory Aside
Economics (27 obras) · Computer Science (21 obras) · Political science (19 obras) · Sociology (19 obras) · Business (18 obras) · Cultural Industries and Urban Development (18 obras) · Law (11 obras) · Economic system (10 obras) · Microeconomics (10 obras) · Neoclassical economics (10 obras)