September 14, 2007
The Warhol Economy
The Warhol Economy—with a nod to Andy Warhol’s ability to encourage the intersection between art and commerce—encourages urban planners and policymakers to take notice of the creative industries: Fashion, art and cultural industries combined are the fourth largest employer in New York City, just behind management, professional services and finance. Fashion shows bring out-of-towners to the city. Broadway attracts millions. And in this hip world, deals are not only made in the boardroom—they are also made on the dance floor, argues Currid, so nightlife and vibrant social networks are crucial for these industries to flourish.