Barbara Herrnstien Smith's Contingency And Interdependence
Traditionally when discussing value we refer to the economic systems three variables; Exchange value, utility value, and intrinsic value. In simplistic terms, this is basically the value of the object, what the object is used for and the personal experience gained from …show more content…
Personal interests and needs continuously change which influences distribution and production. However, distribution and production, in turn, create the need within an evolving social environment. Furthermore, the satisfaction gained from the experience cannot be classified as a simplistic singular intrinsic value. Subsequently, Smith explains that as people evolve classifications of objects change, reward values, motivations and pleasure derived from the experience or object alter, which again influences the dependence between values, however, she simplifies this as two separate economic systems, the market economy, and personal economy.
Following on from this intrinsic value system Smith introduces aesthetic values in regards to what is art? Who decides what art is? And what basis do we form individual value judgements and preferences otherwise termed ‘taste’.
Historically western culture and academics have formulated the properties that identify what makes art, art or non-high-art and high art. These aesthetic variables form a structure of credibility – by this Smith describes that these pre-classifications and pre-evaluations formulate the labels in which we are able to mutually define art and influences individuals own value