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Description
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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ISBN: 9781608466382

Publication date: June 14, 2016

Table of Contents
Acknowledgements
Introduction

PART ONE
1. Art, Value and Economics
2. Art and Exceptionalism in Classical Economics
3. Art and Exceptionalism in Neoclassical Economics
4. Exceptionalism After 1945
5. Exceptionalism After 1966
6. Exceptionalism Reassessed

PART TWO
7. On the Absence of a Marxist Economics of Art
8. Art and Productive Capital
9. Art and Merchant Capital
10. Art and Finance Capital
11. Art and Post-Fordism

Conclusion
Bibliography
Index

Reviews

Series

Part of the Historical Materialism series.

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