THE COMING EXCEPTION
Art and the Crisis of Value
As the crisis of financialized capitalism has morphed into a creeping catastrophe, the literature on questions of art and value has burgeoned.* For Marx and many in his wake, in economic terms art was a partial exception—and the nature and extent of this exception are once more being hotly debated. These debates occur at a moment when the ‘culturalization’ of the economy and the economization of culture suggest that this exceptionality may be becoming a thing of the past.  See for instance Texte zur Kunst’s issue on ‘The Question of Value’, no. 88, December 2012, as well as numerous articles published in recent years on metamute.org.
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- Luc Boltanski, Arnaud Esquerre: The Economic Life of Things Collection and asset—two ideal-typical logics through which value and price are established and objects ‘enriched’. From luxury goods to heritage villages and the mimetic effects of speculation; as industrial production is transferred to East Asia, the emergence of a new kind of capitalist economy.