The speculative social role of art and finance

Bibliographic Data

ID12598880
AuthorsPeter Booth (0000-0002-2595-1561, Erasmus University Rotterdam, The Netherlands, corresponding author)
Year2016
Volume21
Issue2
Pages130-147
Publication date2016-07-12
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueEuropean Journal of Cultural Studies (JOURNAL)
Journal identifiersISSN: 1367-5494 • E-ISSN: 1460-3551
PublisherSAGE Publishing (PUBLISHER • US)
DOI10.1177/1367549416657090
OpenAlexW2475029458
LanguageEN
References cited21

With a notable shift in the nature of contemporary finance, art and finance are increasingly characterized by their semi-autonomous and abstracted natures. By demonstrating how speculation can intersect with the notion of belief and extending Maurizio Lazzarato’s work on the conditions necessary for belief, the article argues that art and finance’s properties of semi-autonomy and abstraction make them ideal sites for speculation. Drawing from work in economics, critical finance studies and art theory, it is argued that people speculate for reasons that go beyond rational capital accumulation, and the article concludes with the suggestion that the non-monetary benefits of speculation, in particular, are causing art and finance to increasingly become substitute and competing platforms

Abstraction · Autonomy · Capital (architecture · Economics · Epistemology · Neoclassical economics · Political science · Positive economics · Social studies of finance · Sociology · Speculation · Work (physics · Art History and Market Analysis · FinTech, Crowdfunding, Digital Finance · History · Housing, Finance, and Neoliberalism · Law · Philosophy · Finance

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