Reflections on the marketization of arts in neoliberal capitalism

Research output: Chapter in Book/Report/Conference proceedingChapterScientificpeer-review

Abstract

This chapter focuses on the marketization of art as a modality of the neoliberal economization, discussing how understandings of the role of art in society and the relationship between art and the market have evolved over time and how the ongoing marketization of the artworld is manifested today, particularly in the context of art museums. The aim is to explore and better understand how, in the contemporary conditions of neoliberal capitalism, the creation, presentation, and reception of art as a cultural practice has become problematized as economic activity. Overall, the chapter argues that the marketization of art involves not only processes through which artists and art organizations becoming more market-oriented — more customer and profit-oriented — as a rational response to increased competition, government cuts, and demands by funding organizations. Marketization, in the field of art, also reflects a more general process of economization through which the role of art in society, and in the everyday lives of individuals and communities, is changing.
Original languageEnglish
Title of host publicationMuseum Marketization
Subtitle of host publicationCultural Institutions in the Neoliberal Era
EditorsKarin Ekström
Place of PublicationLondon
PublisherRoutledge
Chapter1
Pages19-33
Number of pages15
Edition1st
ISBN (Electronic)9780429401510
ISBN (Print)9781138393851, 9781138393868
DOIs
Publication statusPublished - 10 Dec 2019
MoE publication typeA3 Part of a book or another research book

Keywords

  • art theory
  • neoliberal governmentality
  • marketization
  • art museum

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  • Cite this

    Eräranta, K., Moisander, J., & Penttilä, V. (2019). Reflections on the marketization of arts in neoliberal capitalism. In K. Ekström (Ed.), Museum Marketization: Cultural Institutions in the Neoliberal Era (1st ed., pp. 19-33). London: Routledge. https://doi.org/10.4324/9780429401510