Jul 18, 2017
Don’t Optimize Art
It takes me 10-seconds to order a car to take me wherever I want to go.
It takes me the same amount of time as Jimi Hendrix to play "Hey Joe" (3 minutes, 30 seconds).
I'm glad music and art cannot be optimized.
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seen from Netherlands
seen from Türkiye
seen from China
seen from Maldives
seen from United Kingdom
seen from United Kingdom
seen from United States
Don’t Optimize Art
It takes me 10-seconds to order a car to take me wherever I want to go.
It takes me the same amount of time as Jimi Hendrix to play "Hey Joe" (3 minutes, 30 seconds).
I'm glad music and art cannot be optimized.
Baumol's cost disease (also known as the Baumol Effect) is a phenomenon described by William J. Baumol and William G. Bowen in the 1960s.[1] It involves a rise of salaries in jobs that have experienced no increase of labor productivity in response to rising salaries in other jobs which did experience such labor productivity growth. This seemingly goes against the theory in classical economics that wages are closely tied to labor productivity changes.