Financialization of art education, practice and research
The research investigates speculative and epistemological conjunctions between art and finance, and how financial logic has increased its relevance in the non-financial context of the arts.
Introduction
The research combines two disciplines usually kept apart: finance and art. The approach will give knowledge of financialization a non-financial context. The impact is significant in paving the way to new approaches in combining artistic research with economics and political economy. The project investigates speculative and epistemological conjunctions between art and finance, and how financial logic has increased its relevance in the non-financial context of the arts.
The research will be carried out by combining discursive and artistic research methodologies. Through this combination we examine the manifestation of financial ontologies in the arts, and how these models and narratives of the future are distributed into non-financial contexts of education, creative practice and research platforms.
The research proposal responds to inconsistency in the educational and arts contexts, where financial narratives are prevalent yet inconsistently researched. Financialization has caused the shift in arts from commodity production to immaterial production where value forms of art are predominantly based on relationships and processual propositions. Production models are being replaced with modes of extraction and distribution, but the lack of research of this change in the context of education and artistic practice creates a gap in comprehension of the effects of financialization. The research proposal will bridge this gap. Financialization is one of the predominant logical bases of coordinating assets, social surplus and distribution in contemporary society. It causes friction and unequal wealth distribution and inequality globally.
The research facilitates a constructive transformation to exercise democratic change in educational and artistic contexts. The outcomes will include models for how arts can propose new narratives in the financialized contexts, and for how they can become performative beyond the aesthetic regime. The research will contribute to the education, practice and research of the arts, and will foster more inclusive and democratic forces in society.
Participating Universities
- HFBK University of Fine Arts Hamburg, Nora Sternfeld (nora.sternfeld@hfbk-hamburg.de), Germany
- Aalto University, Bassam El Baroni (bassam.elbaroni@aalto.fi), Finland
- The Academy of Art in Szczecin, Łukasz Jastrubczak (lukasz.jastrubczak@akademiasztuki.eu), Poland
- Goldsmiths, University of London, Emily Rosamond (emily.rosamond@gold.ac.uk), United Kingdom
- Kassel University, Mi You (mi.you@uni-kassel.de), Germany
Contact
-
Tero Nauha
- Professor, Live Art and Performance Studies, Theatre Academy
- +358504710467
- tero.nauha@uniarts.fi
Project name
Financialization of art education, practice and research
Time
01/2022-12/2027
Funder
Applications pending: ERC and Academy of Finland for years 2023-27
Introduction
The research combines two disciplines usually kept apart: finance and art. The approach will give knowledge of financialization a non-financial context. The impact is significant in paving the way to new approaches in combining artistic research with economics and political economy. The project investigates speculative and epistemological conjunctions between art and finance, and how financial logic has increased its relevance in the non-financial context of the arts.
The research will be carried out by combining discursive and artistic research methodologies. Through this combination we examine the manifestation of financial ontologies in the arts, and how these models and narratives of the future are distributed into non-financial contexts of education, creative practice and research platforms.
The research proposal responds to inconsistency in the educational and arts contexts, where financial narratives are prevalent yet inconsistently researched. Financialization has caused the shift in arts from commodity production to immaterial production where value forms of art are predominantly based on relationships and processual propositions. Production models are being replaced with modes of extraction and distribution, but the lack of research of this change in the context of education and artistic practice creates a gap in comprehension of the effects of financialization. The research proposal will bridge this gap. Financialization is one of the predominant logical bases of coordinating assets, social surplus and distribution in contemporary society. It causes friction and unequal wealth distribution and inequality globally.
The research facilitates a constructive transformation to exercise democratic change in educational and artistic contexts. The outcomes will include models for how arts can propose new narratives in the financialized contexts, and for how they can become performative beyond the aesthetic regime. The research will contribute to the education, practice and research of the arts, and will foster more inclusive and democratic forces in society.
Participating Universities
- HFBK University of Fine Arts Hamburg, Nora Sternfeld (nora.sternfeld@hfbk-hamburg.de), Germany
- Aalto University, Bassam El Baroni (bassam.elbaroni@aalto.fi), Finland
- The Academy of Art in Szczecin, Łukasz Jastrubczak (lukasz.jastrubczak@akademiasztuki.eu), Poland
- Goldsmiths, University of London, Emily Rosamond (emily.rosamond@gold.ac.uk), United Kingdom
- Kassel University, Mi You (mi.you@uni-kassel.de), Germany
Contact
-
Tero Nauha
- Professor, Live Art and Performance Studies, Theatre Academy
- +358504710467
- tero.nauha@uniarts.fi