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The volume considers the relationship between contemporary art and the economy from art theoretical and philosophical perspectives. The eponymous term »equivalence« draws on three main sources: firstly, it refers to the 18th-century notion of the aesthetic and the arts as a social field in which the equality of people is not simply a postulate but can be directly felt and perceived; secondly, it builds on the Marxian definition of the »equivalent form« as universal exchangeability of commodities according to a purely quantitative principle; the third aspect of »equivalence« significant...