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Conceptual Revolutions in Twentieth-Century Art

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  • David W. Galenson

Abstract

From Picasso's Cubism and Duchamp's readymades to Warhol's silkscreens and Smithson's earthworks, the art of the twentieth century broke completely with earlier artistic traditions. A basic change in the market for advanced art produced a heightened demand for innovation, and young conceptual innovators – from Picasso and Duchamp to Rauschenberg and Warhol to Cindy Sherman and Damien Hirst – responded not only by creating dozens of new forms of art, but also by behaving in ways that would have been incomprehensible to their predecessors. Conceptual Revolutions in Twentieth-Century Art presents the first systematic analysis of the reasons for this discontinuity. David W. Galenson, whose earlier research has changed our understanding of creativity, combines social scientific methods with qualitative analysis to produce a fundamentally new interpretation of modern art that will give readers a far deeper appreciation of the art of the past century, and of today, than is available elsewhere.
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Suggested Citation

  • David W. Galenson, 2009. "Conceptual Revolutions in Twentieth-Century Art," NBER Books, National Bureau of Economic Research, Inc, number gale08-1, June.
    • Handle: RePEc:nbr:nberbk:gale08-1
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    Cited by:

    1. Etro, Federico & Marchesi, Silvia & Stepanova, Elena, 2020. "Liberalizing art. Evidence on the Impressionists at the end of the Paris Salon," European Journal of Political Economy, Elsevier, vol. 62(C).
    2. Renée B Adams & Roman Kräussl & Marco Navone & Patrick Verwijmeren & Stijn Van Nieuwerburgh, 2021. "Gendered Prices [Can culture affect prices? A cross-cultural study of shopping and retail prices]," The Review of Financial Studies, Society for Financial Studies, vol. 34(8), pages 3789-3839.
      • Renée B Adams & Roman Kräussl & Marco Navone & Patrick Verwijmeren, 2021. "Gendered Prices," Published Paper Series 2021-4, Finance Discipline Group, UTS Business School, University of Technology, Sydney.
    3. Claire Dupin Beyssat & Diana Seave Greenwald & Kim Oosterlinck, 2023. "Measuring nepotism and sexism in artistic recognition: the awarding of medals at the Paris Salon, 1850–1880," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 47(3), pages 407-436, September.
    4. Federico Etro & Elena Stepanova, 2024. "A Century of Art Dealing in New York," Working Papers - Economics wp2024_21.rdf, Universita' degli Studi di Firenze, Dipartimento di Scienze per l'Economia e l'Impresa.
    5. Börsch-Supan, Axel & Weiss, Matthias, 2016. "Productivity and age: Evidence from work teams at the assembly line," The Journal of the Economics of Ageing, Elsevier, vol. 7(C), pages 30-42.
    6. John Galbraith & Douglas Hodgson, 2015. "Innovation, experience and artists’ age-valuation profiles: evidence from eighteenth-century rococo and neoclassical painters," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 39(3), pages 259-275, August.
    7. Elias Julio Jorge & Castro Walter, 2023. "Adam Smith, Experimental Innovator, through the Lenses of Conceptual Innovators," Asociación Argentina de Economía Política: Working Papers 4649, Asociación Argentina de Economía Política.
    8. Galbraith, John W. & Hodgson, Douglas J., 2012. "Dimension reduction and model averaging for estimation of artists' age-valuation profiles," European Economic Review, Elsevier, vol. 56(3), pages 422-435.
    9. Zhiyong Tu & Lan Ju, 2019. "A Normative Dual-value Theory for Bitcoin and other Cryptocurrencies," Papers 1904.05028, arXiv.org.
    10. Adams, Renée & Kräussl, Roman & Navone, Marco & Verwijmeren, Patrick, 2018. "Is gender in the eye of the beholder? Identifying cultural attitudes with art auction prices," CFS Working Paper Series 595, Center for Financial Studies (CFS).
    11. Douglas Hodgson, 2011. "Age–price profiles for Canadian painters at auction," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 35(4), pages 287-308, November.
    12. Lan Ju & Zhiyong Tu & Changyong Xue, 2019. "Art Pricing with Computer Graphic Techniques," Papers 1910.03800, arXiv.org.
    13. David W. Galenson & Simone Lenzu, 2023. "Two old masters and a young genius: the creativity of Francis Bacon, Lucian Freud, and Jean-Michel Basquiat," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 47(3), pages 489-511, September.
    14. Michel Serafinelli & Guido Tabellini, 2022. "Creativity over time and space," Journal of Economic Growth, Springer, vol. 27(1), pages 1-43, March.
    15. Robert B. Ekelund & John D. Jackson & Robert D. Tollison, 2015. "Age and productivity: An empirical study of early American artists," Southern Economic Journal, John Wiley & Sons, vol. 81(4), pages 1096-1116, April.
    16. Sanz, Esteve, 2015. "Copyright indicators and the costs of symbolic production: The cultural dimension of telecommunications policy," Telecommunications Policy, Elsevier, vol. 39(3), pages 208-217.
    17. Stoyan V. Sgourev, 2013. "How Paris Gave Rise to Cubism (and Picasso): Ambiguity and Fragmentation in Radical Innovation," Organization Science, INFORMS, vol. 24(6), pages 1601-1617, December.
    18. Galenson, David W., 2018. "Pricing revolution: From abstract expressionism to pop art," Research in Economics, Elsevier, vol. 72(1), pages 86-100.
    19. Ennio E. Piano, 2022. "Specialization and the firm in Renaissance Italian art," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 46(4), pages 659-697, December.

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    More about this item

    JEL classification:

    • J0 - Labor and Demographic Economics - - General
    • J01 - Labor and Demographic Economics - - General - - - Labor Economics: General
    • J1 - Labor and Demographic Economics - - Demographic Economics
    • J4 - Labor and Demographic Economics - - Particular Labor Markets

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