Inicio  /  Finance and Society  /  Vol: 2 Núm: 2 Par: 0 (2016)  /  Artículo
ARTÍCULO
TITULO

Contemporary art, capitalization and the blockchain: On the autonomy and automation of art?s value

Laura Lotti    

Resumen

This article addresses contemporary art as a means to investigate how, and to what extent, financial logic impacts upon the socio-cultural sphere. Its contribution is twofold: on the one hand, the article shows that contemporary art?s valuation practices increasingly reflect the logic of capitalization; on the other hand, it assesses the emancipatory potential of blockchain technology for the cultural sphere. In relation to the latter I argue that, in spite of the technological novelty of blockchain-based art projects, these nonetheless fail to challenge a received logic of finance. This exposes the limitations to technological determinism as a means of countering financial power in the socio-cultural sphere, and points to new problems for art?s valuation methods in relation to the liquid logic of algorithmic finance.

 Artículos similares

       
 
Charalampos Fytros     Pág. Finance an - 39
The valuation of insurance liabilities has traditionally been dealt with by actuaries, who closely monitored underlying illiquid features, assumed a long-term perspective, and exercised their own subjective, expert judgment. However, the new EU regulator... ver más

 
Zehra Demirel,Ceren Çubukçu     Pág. 1 - 7
Artificial intelligence, which is the indispensable technology of our age, has started to gain a place in many institutions. Institutions give great importance to human resources management because hiring the right employee for the job will increase prod... ver más

 
Ida Regalia     Pág. 71 - 86
Ripercorrendo per tappe gli ultimi cinquant?anni della storia d?Italia, il sociologo si interroga sui modi in cui i mutamenti socio-economico-politici della società abbiano influito sulla nascita, la definizione, la revisione e riadattamento progressivi ... ver más
Revista: Moneta e Credito

 
Mohamed Habachi and Saâd Benbachir    
Operational risk management remains a major concern for financial institutions. Indeed, institutions are bound to manage their own funds to hedge this risk. In this paper, we propose an approach to allocate one?s own funds based on a combination of histo... ver más

 
Fabian Muniesa, Liliana Doganova     Pág. Finance an - 113
The future is persistently considered in the sociology of finance from two divergent, problematic angles. The first approach consists in supplementing financial reasoning with an acknowledgement of the expectations that are needed in order to cope with a... ver más