This essay stresses that post-modernism is aware of the world in that it understands the idea of shortages and of inflation and the economic impact of financial health on the world. Contemporary art has abandoned pure references to nature Contemporary art defies the nature of Modern periods in that it no longer concerns itself with form and the emotional intent of the artist, but begins to contract art so that it is all about form and is concerned with context rather than style.
This article makes a conclusion that the formalist concept of art is defined by its need to see a representation from which meaning can be interpreted for a piece of art. Form is more important than context, which shifted from the Modern period to the Contemporary period in which context became the predominate nature of examining aesthetics of style. As viewed through a Marxist perspective, the elite are the class through which the determination of art value can be determined. Critics can define the art world as dying because of the way in which art is valued. The value of art, however, is now not based upon the formal elements it contains, but the context in which it is viewed. The shifts that have flourished since a break from religious dominating them has been to move artists from the representational to forms that are defined by the context in which they are viewed. The formalist debate rages on helping to define levels of taste and aesthetic qualities.