October 28, 2005
The Symbolic Value of Literary Prizes
James F. English, professor of English at the University of Pennsylvania
October is the season of literary prizes: the Nobel, the Man Booker, the National Book Awards shortlist — accompanied every year by complaints and controversies. The more significant the prize, the louder the grousing, observes Mr. English in The Economy of Prestige: Prizes, Awards, and the Circulation of Cultural Value (Harvard University Press), his study of the role prizes play in transactions that
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