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A literary scholar and investment banker applies economic criticism
to canonical novels, dramatically changing the way we read these
classics and proposing a new model for how economics can inform
literary analysis. Every writer is a player in the marketplace for
literature. Jonathan Paine locates the economics ingrained within
the stories themselves, revealing how a text provides a record of
its author's attempt to sell the story to his or her readers. An
unusual literary scholar with a background in finance, Paine mines
stories for evidence of the conditions of their production. Through
his wholly original reading, Balzac's The Splendors and Miseries of
Courtesans becomes a secret diary of its author's struggles to cope
with the commercializing influence of serial publication in
newspapers. The Brothers Karamazov transforms into a story of
Dostoevsky's sequential bets with his readers, present and future,
about how to write a novel. Zola's Money documents the rise of big
business and is itself a product of Zola's own big business, his
factory of novels. Combining close readings with detailed analyses
of the nineteenth-century publishing contexts in which prose
fiction first became a product, Selling the Story shows how the
business of literature affects even literary devices such as genre,
plot, and repetition. Paine argues that no book can be properly
understood without reference to its point of sale: the author's
knowledge of the market, of reader expectations, and of his or her
own efforts to define and achieve literary value.
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