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5 Aesthetic Capital: Hermeneutic Speculation, Economic Themes, and the Dismal Science

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Chapter Summary

All economic activity is interpretive and to some degree, therefore, hermeneutic. The nature of symbolic interaction and the physical world is particularly visible in markets and in money. The characteristic work mode of industrial societies is based on the division of labour. The time perspective of each post-industrial society is closely linked to the methods and methodological approaches in typical use. Industrial societies are oriented toward ad hoc adaptation, and experimentation. The aesthetic character and forms of markets and industries have influenced humankind since we first began to trade goods and services with one another. The relationship between aesthetic concepts and economic principles is ambiguous, as problematic as it is inspiring, as challenging as it is helpful. Is there a form of aesthetic capital on the right side of justice? The author imagines that there could be.

Keywords: aesthetic capital; economic themes; hermeneutic speculation; post-industrial society; symbolic interaction



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