The Forms of Value: Problems of Convertibility in Field Theory

Media production in late capitalism is often measured in terms of economic value. If value is defined as the worth of a thing, a standard or measure, being the result of social praxis and negotiation between producers and consumers in various combinations, it follows that this worth can be of other...

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Main Author: Göran Bolin
Format: Article
Language:English
Published: Paderborn University: Media Systems and Media Organisation Research Group 2012-01-01
Series:tripleC: Communication, Capitalism & Critique
Subjects:
Online Access:https://www.triple-c.at/index.php/tripleC/article/view/340
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author Göran Bolin
author_facet Göran Bolin
author_sort Göran Bolin
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description Media production in late capitalism is often measured in terms of economic value. If value is defined as the worth of a thing, a standard or measure, being the result of social praxis and negotiation between producers and consumers in various combinations, it follows that this worth can be of other kinds than the mere economic. This is, for example, the reasoning behind field theory (Bourdieu), where the generation of field-specific capital (value) is deeply dependent on the belief shared by the competing agents within the field. The full extent of the consequences of such a theory of convertibility between fields of cultural production, centred on different forms of value, is, however yet to be explored. This is the task of this article. It especially focuses on how value is constructed differently depending on the relations of the valuing subject to the production process, something that becomes highly relevant in digital media environments, where users are increasingly drawn into the production process.
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spelling doaj.art-07d658b737164b90b43a835a348c0bcc2023-09-02T18:15:40ZengPaderborn University: Media Systems and Media Organisation Research GrouptripleC: Communication, Capitalism & Critique1726-670X1726-670X2012-01-01101334110.31269/triplec.v10i1.340340The Forms of Value: Problems of Convertibility in Field TheoryGöran Bolin0Södertörn UniversityMedia production in late capitalism is often measured in terms of economic value. If value is defined as the worth of a thing, a standard or measure, being the result of social praxis and negotiation between producers and consumers in various combinations, it follows that this worth can be of other kinds than the mere economic. This is, for example, the reasoning behind field theory (Bourdieu), where the generation of field-specific capital (value) is deeply dependent on the belief shared by the competing agents within the field. The full extent of the consequences of such a theory of convertibility between fields of cultural production, centred on different forms of value, is, however yet to be explored. This is the task of this article. It especially focuses on how value is constructed differently depending on the relations of the valuing subject to the production process, something that becomes highly relevant in digital media environments, where users are increasingly drawn into the production process.https://www.triple-c.at/index.php/tripleC/article/view/340ValueField TheoryCapitalMedia ProductionBourdieu
spellingShingle Göran Bolin
The Forms of Value: Problems of Convertibility in Field Theory
tripleC: Communication, Capitalism & Critique
Value
Field Theory
Capital
Media Production
Bourdieu
title The Forms of Value: Problems of Convertibility in Field Theory
title_full The Forms of Value: Problems of Convertibility in Field Theory
title_fullStr The Forms of Value: Problems of Convertibility in Field Theory
title_full_unstemmed The Forms of Value: Problems of Convertibility in Field Theory
title_short The Forms of Value: Problems of Convertibility in Field Theory
title_sort forms of value problems of convertibility in field theory
topic Value
Field Theory
Capital
Media Production
Bourdieu
url https://www.triple-c.at/index.php/tripleC/article/view/340
work_keys_str_mv AT goranbolin theformsofvalueproblemsofconvertibilityinfieldtheory
AT goranbolin formsofvalueproblemsofconvertibilityinfieldtheory