Symbolic economy
1. Does "are seen to correspond" refer to "the aesthetic parameters and content of the work"?
2. Does "symbolic economy" in this context mean "symbolic briefness"?
Text:
Indeed, what Kaye’s work confirms is that, while distinctions can be drawn between the roles played in the marketplace by art and advertising, this is not necessarily to do with the aesthetic parameters and content of the work which, in several notable instances, particularly those cited in Chapters 3 and 6, are seen to correspond readily with one another. In other words, while belonging to different contexts of cultural production, art and advertising in such instances have come to operate with a similar degree of purchase in the symbolic economy of our times.
Top answer
1. Yes. 2.
- 1.
- Yes.
- 2.
- , currency, commodities, financial instruments, etc.
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1. Yes.
2. While your suggestion is analogous to the economy of words, which means conciseness and word thrift, the author, as suggested by the use of purchase, seems to be referring to the sum and exchange of symbolic assets (for lack of a better word, e.g., art and advertising) in our times, as a nation's economy is comprised of the sum and exchange of that nation's economic assets, e.
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