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…
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In The Economy of Prestige, James F. English examines the dramatic rise of cultural prizes and their role in what he calls an 'economy of cultural prestige.' Tracing the modern prize from its origins at the turn of the twentieth century—when art converged with competitive spectator sports—English shows how awards have undergone a far-reaching globalization in recent decades. Through detailed analysis of nomination and election mechanics, sponsorship, publicity, and scandal, he uncovers how prizes shape the cultural field. This witty and rigorous book addresses the economic dimensions of culture, the rules of exchange in the market for cultural capital, and how the proliferation of prizes signals broader transformations in the arts. It is essential reading for anyone interested in the sociology of culture, literary studies, and the hidden workings of prestige.
This book is ideal for scholars and students of cultural sociology, literary studies, and arts management, as well as general readers fascinated by the behind-the-scenes workings of literary and artistic awards. It will appeal to anyone curious about how cultural value is created and circulated, and to critics and journalists who cover the arts. Readers interested in the economics of culture and the globalization of prestige will find it indispensable.
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