The Creative Economy: Angela McRobbie, Professor of Communications at the Goldsmiths, questions what's at stake in the new politics of culture and creativity. Talking to a range of artists, stylists, fashion designers and policy makers, she considers if the new 'creative economy' is a form of labour reform which accustoms the young, urban middle classes to a world of work which lacks the security of previous generations. She's joined by Christopher Frayling, Chancellor of the Arts University, Bournemouth and former Chair of the Arts Council England.

Grudge spending: Ian Loader, Professor of Criminology at the University of Oxford, explores how we feel about buying security, compared to more enjoyable forms of spending.

Producer: Jayne Egerton.