Introduction: aesthetic capitalism

Murphy, Peter, and de la Fuente, Eduardo (2014) Introduction: aesthetic capitalism. In: Murphy, Peter, and de la Fuente, Eduardo, (eds.) Aesthetic Capitalism. Brill, Boston, MA, USA, pp. 1-9.

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[Extract] The 2008–2010 Global Financial Crisis communicated a lot of messages. One of them was that the age of the post-industrial economy was over. Capitalism was changing, yet again. The great Joseph Schumpeter long ago observed that first comes the destruction and then comes the creation. The post-industrial age was now itself post, more past than future. The charisma of the knowledge industries was deflating. The reality of mass part-time service industries was upon us. Various advanced economies (it turned out) were much less high-tech than they had claimed to be. High-tech and info-tech proved instead to be a shaky façade for the low-interest rate fuelled housing booms. After 2000 these booms inflated under-performing economies. Inevitably in due course the booms turned to bust.

Item ID: 34543
Item Type: Book Chapter (Research - B1)
ISBN: 978-90-04-23579-3
Date Deposited: 26 Sep 2014 04:45
FoR Codes: 19 STUDIES IN CREATIVE ARTS AND WRITING > 1901 Art Theory and Criticism > 190103 Art Theory @ 100%
SEO Codes: 97 EXPANDING KNOWLEDGE > 970119 Expanding Knowledge through Studies of the Creative Arts and Writing @ 100%
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