May 10

Past Event

The Arts, New Growth Theory, and Economic Development

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Highlights

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Summary

New growth theory argues that, in advanced economies, economic growth stems less from the acquisition of additional capital and more from innovation and new ideas. On May 10, the Brookings Institution and the National Endowment for the Arts (NEA) hosted a symposium examining new growth theory as a tool for assessing the impact of art and culture on the U.S. economy, including the theory that cities play a major role in facilitating economic growth. The symposium featured papers jointly commissioned by the NEA Office of Research and Analysis and Michael Rushton, the co-editor of the Journal of Cultural Economics. The presentations were moderated by experts from Brookings, the Department of Housing and Urban Development and the Department of Commerce.

Ed Glaeser, Harvard economist and author of Triumph of the City (Penguin Press, 2011), gave keynote remarks; along with a some of the nation's leading cultural economists, other speakers included Bruce Katz, vice president and co-director of the Metropolitan Policy Program at Brookings and Carol Graham, senior fellow in the Foreign Policy and Global Economy and Development Programs at Brookings and author of Happiness Around the World (Oxford University Press, 2010).

Event Agenda

  • 9:00 AM - Welcome

  • 9:15 AM -- Panel One: Creative Clustering

    • Moderator

      Bruce Katz

      Bruce Katz

      Vice President and Director, Metropolitan Policy Program

      The Adeline M. and Alfred I. Johnson Chair in Urban and Metropolitan Policy

    • Charles Gray

      Professor

      University of St. Thomas

    • Juan Mateos-Garcia

      Research Fellow

      National Endowment for Science, Technology and the Arts, UK

    • Stephen Sheppard

      Professor

      Williams College

  • 10:45 AM -- Panel Two: Economic Growth and Innovation

    • Moderator: Alan Marco

      Deputy Chief Economist

      U.S. Patent and Trademark Office

    • Douglas Noonan

      Associate Professor

      Georgia Institute of Technology

    • Bob Root-Bernstein

      Professor

      Michigan State University

    • Margaret Wyszomirski

      Professor

      Ohio State University

  • 12:25 PM -- Featured Speaker

    • Edward Glaeser

      Professor and Director, Taubman Center for State and Local Government

      Harvard University

    • Moderator: Bonnie Nichols

      Office of Research & Analysis

      National Endowment for the Arts

  • 1:30 PM -- Panel Three: Capital Investment and Cultural Consumption

    • Moderator: Michael Rushton

      Associate Professor, Indiana University

      Co-editor, Journal of Cultural Economics

    • Roland Kushner

      Assistant Professor

      Muhlenberg College

    • Ann Markusen

      Professor and Director, Arts Economy Initiative and the Project on Regional and Industrial Economics

      University of Minnesota

    • Rachel Soloveichik

      Economist

      U.S. Bureau of Economic Analysis

  • 3:00 PM -- Panel Four: Case Studies on the Arts and Economic Development

    • Moderator: Valerie Piper

      Deputy Assistant Secretary for Economic Development

      U.S. Department of Housing & Urban Development

    • Richard Maloney

      Assistant Professor

      Boston University

    • Lauren Schmitz

      Ph.D. Student in Economics

      New School for Social Research

    • Jenny Schuetz

      Assistant Professor

      University of Southern California

  • 4:15 PM -- Discussion: Arts and Economic Well-Being

  • 4:55 PM -- Concluding Remarks

    • Rocco Landesman

      Chairman

      National Endowment for the Arts

Details

May 10, 2012

9:00 AM - 5:00 PM EDT

The Brookings Institution

Falk Auditorium

1775 Massachusetts Ave., NW

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