Literary Prizes and Awards

Abstract

Literary awards are very centrally situated as part of the literary marketplace and the world of authorship and publication. This chapter focuses on the conferral of literary awards and prizes, examining their history and development, and their role and function in the contemporary world of writing and publishing, and explores some of the issues surrounding their interventions in that world, including the question of the relationship between literary and economic value. It begins with an examination of the history and development of literary prize culture, and the debate and scholarship it has accrued. Subsequently, the chapter explores the role that literary prizes play within the literary marketplace and the economics of authorship, and contemporary literary prize culture, including the Booker Prize and its competitors.

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