The Economy of Prestige: Prizes, Awards, and the Circulation of Cultural Value

The Economy of Prestige: Prizes, Awards, and the Circulation of Cultural Value

by James F. English
     
 

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ISBN-10: 0674030435

ISBN-13: 9780674030435

Pub. Date: 09/01/2008

Publisher: Harvard

This is a book about one of the great untold stories of modern cultural life: the remarkable ascendancy of prizes in literature and the arts. Such prizes and the competitions they crown are almost as old as the arts themselves, but their number and power--and their consequences for society and culture at large--have expanded to an unprecedented degree in our

Overview

This is a book about one of the great untold stories of modern cultural life: the remarkable ascendancy of prizes in literature and the arts. Such prizes and the competitions they crown are almost as old as the arts themselves, but their number and power--and their consequences for society and culture at large--have expanded to an unprecedented degree in our day. In a wide-ranging overview of this phenomenon, James F. English documents the dramatic rise of the awards industry and its complex role within what he describes as an economy of cultural prestige.

Observing that cultural prizes in their modern form originate at the turn of the twentieth century with the institutional convergence of art and competitive spectator sports, English argues that they have in recent decades undergone an important shift--a more genuine and far-reaching globalization than what has occurred in the economy of material goods. Focusing on the cultural prize in its contemporary form, his book addresses itself broadly to the economic dimensions of culture, to the rules or logic of exchange in the market for what has come to be called "cultural capital." In the wild proliferation of prizes, English finds a key to transformations in the cultural field as a whole. And in the specific workings of prizes, their elaborate mechanics of nomination and election, presentation and acceptance, sponsorship, publicity, and scandal, he uncovers evidence of the new arrangements and relationships that have refigured that field.

Product Details

ISBN-13:
9780674030435
Publisher:
Harvard
Publication date:
09/01/2008
Edition description:
New Edition
Pages:
432
Product dimensions:
5.20(w) x 7.90(h) x 1.20(d)

Table of Contents

Introduction: Prizes and the Study of Culture

I. The Age of Awards

1. Prize Frenzy

2. Precursors of the Modern Cultural Prize

3. The Logic of Proliferation

4. Prizes as Entertainment

II. Peculiarities of the Awards Industry

5. The Making of a Prize

6. Taste Management

7. Trophies as Objects of Production and Trade

III. The Game and Its Players

8. Scandalous Currency

9. The New Rhetoric of Prize Commentary

10. Strategies of Condescension, Styles of Play

IV. The Global Economy of Cultural Prestige

11. The Arts as International Sport

12. The New Geography of Prestige

13. Prizes and the Politics of World Culture

Appendix A. The Rise of the Prize

Appendix B. Prizes and Commerce

Appendix C. Winner Take All: Six Lists

Notes

Index

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