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In Austrian economic thought, "human action" guides all social and
cultural experience. For both the real world and for fictional
texts, this starting point can illuminate literature in new ways
and offer valuable insight for literary critics who have previously
been beholden to Marxism and other anti-capitalist perspectives. In
Re-Reading Economics in Literature: A Capitalist Critical
Perspective, Matt Spivey posits that in its relationship to
literature, Austrian economic criticism entails a methodology that
embraces the following: 1) an analytical reading that promotes both
the individual artist as the creator of literature and the
individual reader as the consumer of literature; 2) an
understanding of the entrepreneurial quality of literature, that
capitalism is a system that embraces creativity and evolution in
the marketplace; and 3) a recognition of subjective value as
fundamental to human choice and action, both in art and in the real
world. In addition to the study of the individual, Spivey also
incorporates the concepts of business cycles, government
intervention, social dynamics, and technological evolution in his
analysis. Scholars of literary studies and economics will find this
book particularly useful.
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