Wednesday, 4 July 2018

Bourdieu, art and financial value

Vincent Van Gogh 0013.jpg
The Painter on his way to work,
by Vincent van Gogh
Source: Wikipedia
Pierre Bourdieu’s work on symbolic value in the field of cultural production is surprisingly useful as a model for explaining the value of financial assets. As my recent posts have argued, financial value depends on symbolic narratives that claim certain qualities for the assets concerned and seek to associate them with particular theories of value. Bourdieu's account of the art market examines similar processes of attributing value to works of art.