Felix Salmon muses on why art prices keep rising. On the way, he discusses why some art becomes super-popular:
"Fine art has become the billionaire’s-club equivalent of a Louis Vuitton bag, slathered in logos. It’s not connoisseurship which drives values, so much as recognizability. Which in turn helps to explain why the most prolific artists (Picasso, Warhol, Hirst) are also the most expensive: the more of their work there is, the more exposed to it people become, the more they’ll recognize it, and therefore the more desirable it is."
posted by benbenson
on Feb 8, 2012 -
23 comments
Over the past few centuries, Western cultures have been very good at creating general prosperity for themselves. Historian Niall Ferguson asks: Why the West, and less so the rest? He suggests half a dozen big ideas from Western culture -- call them
the 6 killer apps -- that promote wealth, stability and innovation. And in this new century, he says, these apps are all shareable.
[more inside]
posted by Foci for Analysis
on Oct 4, 2011 -
97 comments
Wall Street Lays Another Egg. "Not so long ago, the dollar stood for a sum of gold, and bankers knew the people they lent to.
The author charts the emergence of an abstract, even absurd world—call it Planet Finance—where mathematical models ignored both history and human nature, and value had no meaning."
posted by homunculus
on Nov 7, 2008 -
63 comments
A nice article on some of the engineering and economics aspects of WiFi, and the history of frequency regulation in the USA.
posted by freebird
on Aug 16, 2004 -
9 comments