The cultural quasi-economy of esteem transactions is underpinned and permeated by the real economy of financial transactions

This is the approximate text of a short talk I was invited to give at the Cultural Value Scoping Workshop organised by Patrycja KaczyƄska at Edinburgh College of Art on 18 January 2017

I’ve been asked to talk about what we’ve learnt about the ‘transactions’ underpinning ‘cultural ecosystems’ as part of this discusion on whether scholarship on cultural value has been advancing. I’m really glad about that – especially about the word ‘transaction’, because one of the principal things that I think we’ve learnt is that, while the metaphor of ‘ecology’ can be useful, the reality of cultural production in our society is fundamentally economic.

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