Also on the Bookseller site this week, author Anthony Horowitz writes in his blog about the place of literary fiction in the new world of publishing, where books are viewed largely as commodities, and the market is led by titles written by celebrity chefs. He quotes from an interview with Giles Foden, professor of creative writing at UEA, who says:
As Horowitz points out, although writers of literary fiction and other genres account for one third of all book publishing revenue, "literary values now end with a lot of noughts."
"The idea of what constitutes literary value has changed or become less consensual. It's harder to establish what is good and what is not, and that is one of the things that forms the canon. Barnes, Amis, McEwan were the last people through the door, and then the door closed, and then the building fell down."