Arts Education and Creative Capital in the New Economy of the 21st Century
Before the 19th century the economy was sustained by agriculture. In the 20th century we shifted to an industrial economy. And in the 21st century we are turning to a creative economy through technology. William Yu an economist with the Anderson Forecast at UCLA states, “In a creative economy, innovative people with new ideas, artistic view and mindset will be needed more than ever.” Education in the arts will play a pivotal roll in preparing students’ creative capacities to sustain the creative commerce that fuels our new economy. Yet the arts are often the first to be underfunded or dropped entirely from schools looking for budgeting solutions. Read more on the state of arts education and how it relates to future professionals here.