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Cultura International Journal of Philosophy of Culture and Axiology

Volume 10, Issue 2, 2013

Aesthetic Values and the Process of Civilization

Evan Osborne
Pages 23-39
DOI: 10.5840/cultura201310211

Art as a Capital Asset

A framework for thinking about the social role of art is developed. Using economic ideas, art is depicted as a capital asset – something that provides insight to society over some period of time. The idea of thinking about art as an asset enables a concrete distinction between high and low art, as well as the possibility that art can “race to the bottom,” with low art displacing high art, with the concomitant deleterious consequences.