In:
Finance and Society, Edinburgh University Library, Vol. 2, No. 2 ( 2016-12-19), p. 96-110
Abstract:
This article addresses contemporary art as a means to investigate how, and to what extent, financial logic impacts upon the socio-cultural sphere. Its contribution is twofold: on the one hand, the article shows that contemporary art’s valuation practices increasingly reflect the logic of capitalization; on the other hand, it assesses the emancipatory potential of blockchain technology for the cultural sphere. In relation to the latter I argue that, in spite of the technological novelty of blockchain-based art projects, these nonetheless fail to challenge a received logic of finance. This exposes the limitations to technological determinism as a means of countering financial power in the socio-cultural sphere, and points to new problems for art’s valuation methods in relation to the liquid logic of algorithmic finance.
Type of Medium:
Online Resource
ISSN:
2059-5999
DOI:
10.2218/finsoc.v2i2.1724
Language:
Unknown
Publisher:
Edinburgh University Library
Publication Date:
2016
detail.hit.zdb_id:
2893795-8
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