{"id":2200,"date":"2015-03-03T15:30:49","date_gmt":"2015-03-03T15:30:49","guid":{"rendered":"https:\/\/charisma.local\/charisma2023\/char1smaSSL\/?post_type=markets&#038;p=2200"},"modified":"2016-05-12T11:08:45","modified_gmt":"2016-05-12T10:08:45","slug":"moments-of-valuation","status":"publish","type":"markets","link":"https:\/\/www.journalofculturaleconomy.org\/charisma\/markets\/moments-of-valuation","title":{"rendered":"Moments of Valuation"},"content":{"rendered":"<p>The challenge:\u00a0 you have just three words to state the core premise of new work in the study of valuation. In \u201cWhat\u2019s Valuable?,\u201d my concluding essay for <i>The Worth of Goods<\/i>: <i>Valulation and Pricing in Markets<\/i> (Aspers and Beckert, eds., Oxford University Press, 2011), I gave a try, starting with <i>price, prize, praise<\/i>. To that triplicate, I added a fourth, <i>perform<\/i>, and, in doing so, revealed that the first three were intended as verbs all along.\u00a0 To price, to prize, to praise, to perform. It wasn\u2019t a bad effort, but it was a bit clumsy: prizing and praising are too similar. Yet at least I was on a good course, signaling that valuation can occur in multiple registers and not only in the market.<\/p>\n<p style=\"text-align: left;\"><i><a href=\"https:\/\/www.journalofculturaleconomy.org\/charisma\/wp-content\/uploads\/2015\/03\/moments-of-valuation.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-2202 alignleft\" alt=\"moments of valuation\" src=\"https:\/\/www.journalofculturaleconomy.org\/charisma\/wp-content\/uploads\/2015\/03\/moments-of-valuation.jpg\" width=\"185\" height=\"280\" srcset=\"https:\/\/www.journalofculturaleconomy.org\/charisma\/wp-content\/uploads\/2015\/03\/moments-of-valuation.jpg 264w, https:\/\/www.journalofculturaleconomy.org\/charisma\/wp-content\/uploads\/2015\/03\/moments-of-valuation-236x358.jpg 236w, https:\/\/www.journalofculturaleconomy.org\/charisma\/wp-content\/uploads\/2015\/03\/moments-of-valuation-192x291.jpg 192w, https:\/\/www.journalofculturaleconomy.org\/charisma\/wp-content\/uploads\/2015\/03\/moments-of-valuation-93x141.jpg 93w\" sizes=\"auto, (max-width: 185px) 100vw, 185px\" \/><\/a>Moments of Valuation: Exploring Sites of Dissonance <\/i>(also from Oxford University Press, 2015) offers another effort.\u00a0 The three word summary:\u00a0 <i>value is performed<\/i>. This collection (which I co-edited with Ariane Berthoin Antal and Michael Hutter) emphasizes that valuation takes place in situations. Valuation is spatially localized and temporally marked. It takes place in situ. And the papers provide detailed accounts of various sites and settings (or, more accurately, setups) in which valuation takes place. It takes place in discrete moments of time. And the papers provide rich accounts of the critical moments when evaluative attention is particularly acute: the attentive moment when a dinner guest first sips a glass of wine, the instant when a luxury perfume is sprayed into a special device allowing the customer a sense of its <i>sillage<\/i> (the scented trail left by a fragrance wearer), or the moment when the professional art appraiser is cross-examined in the courtroom witness box.\u00a0 As such, the book might just as well have been titled <i>Sites of Valuation: Exploring Moments of Dissonance<\/i>.<\/p>\n<p>But, as with pricing and prizing, there is not really all that much new in the statement <i>value is performed<\/i> \u2013 for these ideas, if differently expressed, were already there in John Dewey\u2019s marvelous essay,<i> On Valuation<\/i> (for a lively revisiting of those ideas see especially Fabian Muniesa\u2019s new book, <i>The Provoked Economy, <\/i>Routledge 2014).\u00a0 It is for this reason that Michael Hutter and I introduce our edited book with a brief essay, \u201cPragmatist Perspectives on Valuation.\u201d The entire chapter is available on my website <a href=\"http:\/\/www.thesenseofdissonance.com\/media\/paper_Stark_Pragmatist_Perspectives_On_Valuation.pdf\">here<\/a>. \u00a0The paragraphs below offer a little taste:<\/p>\n<p style=\"padding-left: 30px;\"><i>De gustibus non est disputandum<\/i>. We begin, indisputably, with taste. Then we immediately make it disputatious because we challenge the dominant view in cultural sociology that taste is <i>something one has<\/i>. Taste, in that view, is primarily symbolic because it is used for social purposes to mark distinction (Bourdieu 1984). By contrast the authors in this volume treat taste not as a noun but as a verb. It is <i>something one does<\/i>. It is a social process, to be sure; but if symbolic, it is also emphatically material.<\/p>\n<p style=\"padding-left: 30px;\">Valuation involves a tasting, a testing. The studies here reject the claim that things just \u201chave\u201d some value, that their taste is intrinsic to them, and that tests reveal this natural value. At the same time they also deny the claim that the taste of things is something merely \u201cattributed\u201d to them, and that tests then do nothing more than reveal this value. We reject the dichotomy between natural objects (for which there is nothing to do but exploit the properties of things) and socially constructed objects (for which it is enough to show their arbitrary character as the stakes in social games).<\/p>\n<p style=\"padding-left: 30px;\">We consider that the things to be tested and tasted are not given but made, and they are transformed in the very process of testing. Furthermore, tasting them or becoming attached to them is not like choosing some gratuitous label to enter a social logic of identity and difference; rather, identities are made and transformed by them. The chapters in this volume treat people\u2019s relationship with things as reciprocal interactions: making things and making us. As Antoine Hennion writes in his chapter: \u201cSo conceived, both operations (tasting and testing) are productive, open, and they remain tightly connected, referring less to an absolute divide between objectivity and subjectivity than to a continuous co-production of stabilization and transformation, both in the things and in our capacity to feel what they do.\u201d (Hennion in this volume).<\/p>\n<p style=\"padding-left: 30px;\">To the two verbs\u2014to taste and to test\u2014we now add another: to contest. The adage <i>de gustibus non est disputandum <\/i>is misleading, for in matters of taste there can be disputes. Taste, whether the noun is understood as the quality of a thing or as the quality of a person, can be put to tests. And these tests are themselves contested. As the chapters here detail, the trials of valuation frequently involve disputes among different measures of worth, orthogonal principles of evaluation, and contending tests of value.<\/p>\n<p><b style=\"color: #ff0000;\">Moments of Valuation:<\/b><\/p>\n<p><span style=\"color: #ff0000;\"><b>Exploring Sites of Dissonance<\/b><\/span><b><\/b><\/p>\n<p><i>Edited by<\/i><br \/>\n<b><span style=\"color: #ff0000;\">Ariane Berthoin Antal, Michael Hutter<\/span>, <\/b>and <span style=\"color: #ff0000;\"><b>David Stark<\/b><\/span><\/p>\n<p><i>CONTENTS<\/i><i><\/i><\/p>\n<p><span style=\"color: #ff0000;\"><b>Michael Hutter <\/b><\/span>and <b><span style=\"color: #ff0000;\">David Stark<\/span><br \/>\n<\/b><i>Pragmatist Perspectives on Valuation<\/i><b><\/b><\/p>\n<p><span style=\"color: #ff0000;\"><b>Trevor Pinch<\/b><\/span><br \/>\n<i>Moments in the Valuation of Sound<\/i><\/p>\n<p><span style=\"color: #ff0000;\"><b>Antoine Hennion<\/b><\/span><br \/>\n<i>Paying Attention: What is Tasting Wine About?<\/i><\/p>\n<p><span style=\"color: #ff0000;\"><b>Michael Hutter<\/b><\/span><br \/>\n<i>Dissonant Translations in Creative Industries<\/i><\/p>\n<p><span style=\"color: #ff0000;\"><b>John Brewer<\/b><\/span><br \/>\n<i>Connoisseurship and Art Attribution<\/i><\/p>\n<p><span style=\"color: #ff0000;\"><b>Svetlana Kharchenkova <\/b><\/span>and <b><span style=\"color: #ff0000;\">Olav Velthuis<\/span><br \/>\n<\/b><i>An Evaluative Biography of Cynical Realism<\/i><\/p>\n<p><span style=\"color: #ff0000;\"><b>Phillipa K. Chong<\/b><\/span><br \/>\n<i>Playing Nice, Being Mean, and the Space In Between<\/i><\/p>\n<p><span style=\"color: #ff0000;\"><b>Sophie M\u00fctzel<\/b><\/span><br \/>\n<i>Structures of the Tasted<\/i><\/p>\n<p><span style=\"color: #ff0000;\"><b>Anne-Sophie Tr\u00e9buchet-Breitwiller<\/b><\/span><br \/>\n<i>Making Things Precious: Luxury Perfumes<\/i><\/p>\n<p><span style=\"color: #ff0000;\"><b>Claude Rosental<\/b><\/span><br \/>\n<i>Principles of Evaluation in Artificial Intelligence<\/i><\/p>\n<p><span style=\"color: #ff0000;\"><b>Andrea Mennicken <\/b><\/span>and <b><span style=\"color: #ff0000;\">Michael Power<\/span><br \/>\n<\/b><i>Accounting and the Plasticity of Valuation<\/i><\/p>\n<p><span style=\"color: #ff0000;\"><b>Liliana Doganova <\/b><\/span>and <b><span style=\"color: #ff0000;\">Peter Karn\u00f8e<\/span><br \/>\n<\/b><i>Clean and Profitable<\/i><b>\u00a0<\/b><\/p>\n<p><span style=\"color: #ff0000;\"><b>Holger Strassheim<\/b>, <b>Arlena Jung<\/b>,<\/span> and <b><span style=\"color: #ff0000;\">Rebecca-Lea Korinek<\/span><br \/>\n<\/b><i>Reframing Expertise in Public Policy<\/i><\/p>\n<p><span style=\"color: #ff0000;\"><b>Ignacio Far\u00edas<\/b><\/span><br \/>\n<i>Epistemic Dissonance in Architectural Practice<\/i><\/p>\n<p><span style=\"color: #ff0000;\"><b>Ariane Berthoin Antal<\/b><\/span><br \/>\n<i>Sources of Newness in Organizations<\/i><\/p>\n<p><span style=\"color: #ff0000;\"><b>Kimberly Chong<\/b><\/span><br \/>\n<i>Performing Worth in Post-Mao China<\/i><\/p>\n<p>Hbk | 6.5\u00d79.5 in. | 368 pgs\u2028ISBN: 978-0-19-870250-4 | March 29, 2015 Available in bookstores and at online retailers<\/p>\n<p><span style=\"color: #ff0000;\"><b>FURTHER INFORMATION:<\/b><\/span><\/p>\n<p><a href=\"http:\/\/thesenseofdissonance.com\/books.php\">http:\/\/thesenseofdissonance.com\/books.php<\/a><\/p>\n<p><span style=\"color: #ff0000;\"><strong>ACKNOWLEDGEMENTS:<\/strong><\/span><\/p>\n<p>Cover photograph \u00a9 2013 Nancy Warner. Reproduced with permission of diRosa Art Preserve.\u00a0This article is co-posted with <a href=\"https:\/\/socfinance.wordpress.com\/\">Socializing Finance<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>David Stark introduces Moments of Valuation, a new book he has co-edited with Ariane Berthoin Antal, and Michael Hutter and asks: how is value performed?  <a href=\"https:\/\/www.journalofculturaleconomy.org\/charisma\/markets\/moments-of-valuation\" rel=\"nofollow\" class=\"morelink\">Read More<\/a><\/p>","protected":false},"author":94,"featured_media":2204,"menu_order":0,"comment_status":"open","ping_status":"open","template":"","meta":{"_acf_changed":false,"footnotes":""},"categories":[1,7],"tags":[1047,575,1049,1048,413],"class_list":["post-2200","markets","type-markets","status-publish","has-post-thumbnail","hentry","category-all","category-writing","tag-antoine-hennion","tag-david-stark","tag-dissonance","tag-moments-of-valuation","tag-valuation"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.journalofculturaleconomy.org\/charisma\/wp-json\/wp\/v2\/markets\/2200","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.journalofculturaleconomy.org\/charisma\/wp-json\/wp\/v2\/markets"}],"about":[{"href":"https:\/\/www.journalofculturaleconomy.org\/charisma\/wp-json\/wp\/v2\/types\/markets"}],"author":[{"embeddable":true,"href":"https:\/\/www.journalofculturaleconomy.org\/charisma\/wp-json\/wp\/v2\/users\/94"}],"replies":[{"embeddable":true,"href":"https:\/\/www.journalofculturaleconomy.org\/charisma\/wp-json\/wp\/v2\/comments?post=2200"}],"version-history":[{"count":1,"href":"https:\/\/www.journalofculturaleconomy.org\/charisma\/wp-json\/wp\/v2\/markets\/2200\/revisions"}],"predecessor-version":[{"id":2207,"href":"https:\/\/www.journalofculturaleconomy.org\/charisma\/wp-json\/wp\/v2\/markets\/2200\/revisions\/2207"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.journalofculturaleconomy.org\/charisma\/wp-json\/wp\/v2\/media\/2204"}],"wp:attachment":[{"href":"https:\/\/www.journalofculturaleconomy.org\/charisma\/wp-json\/wp\/v2\/media?parent=2200"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.journalofculturaleconomy.org\/charisma\/wp-json\/wp\/v2\/categories?post=2200"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.journalofculturaleconomy.org\/charisma\/wp-json\/wp\/v2\/tags?post=2200"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}