"Political economy is defined in this volume as collective state or corporate support for art and architecture in the public sphere intended to be accessible to the widest possible public, raising questions about the relationship of the state to cultural production and consumption. This collection of essays explores the political economy of art from the perspective of the artist or from analysis of art's production and consumption, emphasizing the art side of the relationship between art and state. This volume explores art as public good, a central issue in political economy. Essays examine specific cultural spaces as points of struggle between economic and cultural processes. Essays focus on three areas of conflict: theories of political economy put into practices of state cultural production, sculptural and architectural monuments commissioned by state and corporate entities, and conflicts and critiques of state investments in culture by artists and the public."--amazon.com edit. desc.

It's the Political Economy, Stupid brings together internationally acclaimed artists and thinkers, including Slavoj Žižek, David Graeber, Judith Butler and Brian Holmes, to focus on the current economic crisis in a sustained and critical manner. Following a unique format, images and text are integrated in a visually stunning bespoke production by activist designer Noel Douglas. What emerges is a powerful critique of the current capitalist crisis through an analytical and theoretical response and an aesthetic-cultural rejoinder. By combining artistic responses with the analysis of leading radical theorists, the book expands the boundaries of critique beyond the usual discourse. It's the Political Economy, Stupid argues that it is time to push back against the dictates of the capitalist logic and, by use of both theoretical and artistic means, launch a rescue of the very notion of the social.

Art and Value is the first comprehensive analysis of art's political economy throughout 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. Subjecting mainstream and Marxist theories of art's economics to an exacting critique, the book concludes with a new Marxist theory of art's economic exceptionalism.

Economists historically have had very little to say about art. In the latter part of the twentieth century, however, difficult issues such as pricing and art valuation, the influence of the fashionable on pricing, and the nature of auction all began to be explored. Economic Engagements with Art suggests that taste and fashion in art need not be mysterious or outside rational discourse and that these matters can be studied by economists to the benefit of the discipline.

Pedagogical and participatory art from the coauthor of Making and Being In Art, Engagement, Economy: the Working Practice of Caroline Woolard, this acclaimed New York-based artist and educator (born 1984) proposes a politics of transparent production in the arts, whereby heated negotiations and mundane budgets are presented alongside documentation of finished gallery installations. Readers follow the behind-the-scenes work that is required to produce interdisciplinary art projects, from a commission at MoMA to a self-organized, international barter network with over 20,000 participants. With contextual analysis of the political economy of the arts, from the financial crisis of 2008 to the Covid pandemic of 2020, this book suggests that artists can bring studio-based sculptural techniques to an approach to art-making that emphasizes interdisciplinary collaboration and dialogue.

From the phenomenally successful new Tate Modern to the DIA: Beacon and Liverpool Biennial, contemporary visual art seems more than ever enmeshed in prominent public institutions and new forms of patronage, whether public commissions or corporate sponsorships. In Art, Money, Parties, renowned figures from the art world--including artists, dealers, and gallery owners--join scholars to consider these new institutional faces of contemporary art, their influence on art and artists, and how they affect the future of art. The essays in this collection, which originated at a conference organized by Tate Liverpool and the University of Liverpool, offer frequently contentious positions on the role of new institutions and patronage in the world of contemporary art. For example, while Liverpool Biennial director Lewis Biggs delivers a fairly optimistic assessment of the state of contemporary art, scholar Paul Usherwood unleashes a scathing critique of recent public art commissions. From opposing perspectives, gallery owner Sadie Coles reviews the history of her own involvement in the art world during the 1990s, and artist Stewart Home offers a sharply contrasting view of the value of the art produced in that decade. Rather than an attempt to craft a consensus, though, Art, Money, Parties is instead an effort to map out the position of--and possibilities for--contemporary art in a period of growing public sponsorship and attention. The vibrant, growing interest in contemporary art--evidenced by the success of the institutions under consideration--makes Art, Money, Parties a timely and indispensable contribution to any debate on the present and future of art.