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612-822-4611
Art and Value: Arts Economic Exceptionalism in Classical, Neoclassical and Marxist Economics

Art and Value: Arts Economic Exceptionalism in Classical, Neoclassical and Marxist Economics

Paperback

Series: Historical Materialism

Art Criticism & TheoryEconomicsGeneral Art

ISBN10: 1608466388
ISBN13: 9781608466382
Publisher: Haymarket Books
Published: Jun 14 2016
Pages: 392
Weight: 1.20
Height: 0.90 Width: 6.00 Depth: 8.90
Language: English
Shortlisted for the 2015 Deutscher Memorial Prize.

Art and Value is the first comprehensive analysis of art's political economy to be found in classical, neoclassical and Marxist economics. It provides a critical-historical survey of the theories of art's economic exceptionalism, of art as a merit good, and of the theories of art's commodification, the culture industry and real subsumption.

Key debates on the economics of art, from the high prices artworks fetch at auction, to the controversies over public subsidy of the arts, the 'cost disease' of artistic production, and neoliberal and post-Marxist theories of art's incorporation into capitalism, are examined in detail.

Through this exacting critique of mainstream and Marxist theories of art's economics, the book arrives at a new and highly origianl Marxist theory of art's economic exceptionalism.

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Art Criticism & Theory