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Old Masters and Young Geniuses: The Two Life Cycles of Human Creativity

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  • David W. Galenson

Abstract

There are two fundamentally different approaches to innovation, and each is associated with a distinct pattern of discovery over the life cycle. Experimental innovators work by trial and error, and arrive at their major contributions gradually, late in life. Conceptual innovators make sudden breakthroughs, usually at an early age. Both types of innovators have made important contributions to art and science.

Suggested Citation

  • David W. Galenson, 2009. "Old Masters and Young Geniuses: The Two Life Cycles of Human Creativity," Journal of Applied Economics, Taylor & Francis Journals, vol. 12(1), pages 1-9, May.
    • Handle: RePEc:taf:recsxx:v:12:y:2009:i:1:p:1-9
    DOI: 10.1016/S1514-0326(09)60002-7
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    Cited by:

    1. Federico Etro & Silvia Marchesi & Laura Pagani, 2011. "The Labor Market in the Seventeenth-Century Italian Art Sector," Working Papers 215, University of Milano-Bicocca, Department of Economics, revised Nov 2011.
    2. Stephen Sheppard, 2021. "Image Content, Complexity, and the Market Value of Art," Department of Economics Working Papers 2021-08, Department of Economics, Williams College.
    3. Jasmin Droege, 2022. "First impression biases in the performing arts: taste-based discrimination and the value of blind auditioning," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 46(3), pages 391-437, September.
    4. Etro, Federico & Pagani, Laura, 2012. "The Market for Paintings in Italy During the Seventeenth Century," The Journal of Economic History, Cambridge University Press, vol. 72(2), pages 423-447, May.
    5. Matthias Krapf, 2015. "Age and complementarity in scientific collaboration," Empirical Economics, Springer, vol. 49(2), pages 751-781, September.
    6. Laibson, David I. & Agarwal, Sumit & Driscoll, John C. & Gabaix, Xavier, 2009. "The Age of Reason: Financial Decisions over the Life-Cycle with Implications for Regulation," Scholarly Articles 4554335, Harvard University Department of Economics.
    7. Sumit Agarwal & John C Driscoll & Xavier Gabaix & David Laibson, 2007. "The Age of Reason: Financial Decisions Over the Lifecycle," Levine's Bibliography 122247000000001752, UCLA Department of Economics.
    8. Jun-ichi Itaya & Heinrich Ursprung, 2008. "Price and Death," CESifo Working Paper Series 2213, CESifo.
    9. Luigi Di Gaetano & Isidoro Mazza & Anna Mignosa, 2019. "On the allocation of talents in the contemporary art market," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 43(1), pages 121-143, March.
    10. Bertacchini Enrico & Friel Martha, 2013. "Understanding creativity and innovation in industrial design: an historical and empirical assessment," Department of Economics and Statistics Cognetti de Martiis. Working Papers 201311, University of Turin.
    11. Barlow, Matthew A. & Hesterly, William S. & Cameron Verhaal, J., 2023. "Catching a falling star: Mobility of declining star performers, peer effects, and organizational performance in the National Football League," Journal of Business Research, Elsevier, vol. 165(C).
    12. David W. Galenson, 2005. "Toward Abstraction: Ranking European Painters of the Early Twentieth Century," NBER Working Papers 11501, National Bureau of Economic Research, Inc.
    13. Alexander Cuntz & Matthias Sahli, 2023. "Ars longa, vita brevis: The death of the creator and the impact on exhibitions and auction markets," WIPO Economic Research Working Papers 76, World Intellectual Property Organization - Economics and Statistics Division.
    14. Federico Etro & Silvia Marchesi & Laura Pagani, 2015. "The Labor Market In The Art Sector Of Baroque Rome," Economic Inquiry, Western Economic Association International, vol. 53(1), pages 365-387, January.
    15. Zhao, Hao & O'Connor, Gina & Wu, Jihong & Lumpkin, G.T., 2021. "Age and entrepreneurial career success: A review and a meta-analysis," Journal of Business Venturing, Elsevier, vol. 36(1).
    16. Lucas, Brian J. & Mai, Ke Michael, 2022. "Illumination and elbow grease: A theory of how mental models of the creative process influence creativity," Organizational Behavior and Human Decision Processes, Elsevier, vol. 168(C).
    17. Murmann, Martin & Salmivaara, Virva & Kibler, Ewald, 2023. "How does late-career entrepreneurship relate to innovation?," Research Policy, Elsevier, vol. 52(6).

    More about this item

    JEL classification:

    • J01 - Labor and Demographic Economics - - General - - - Labor Economics: General
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

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