Baumol at SPU and on NewMusicBox

I’ve been working on this line of research for over a year, and the first publications are out today. Above, we’ve got video of the talk I gave at Seattle Pacific University last month for their Futures of Music Series, hosted by Brian Chin. And today NewMusicBox has published my first written account of this […]

Amanda Palmer paying with love

Late Update: Amanda Palmer is now paying all her musicians. Good for her. I’m very glad she’s doing it, but I also think the level of outrage was way out of proportion with the situation. The controversy over this has basically been dealt with. The Kickstarter million is in fact gone, the amount needed to […]

Social Capital and Regular Capital

So….. Facebook’s stock is dropping a bit. Ignoring the major explanations: a bank that didn’t underprice the stock to take piles of money off of a tech company, a big honking tech bubble, etc., there’s something else going on. We all have this basic feeling that Facebook is actually hugely important and hugely valuable. We […]

Connection Wealth for Artists

So, social connection and money both solve similar coordination problems. And for a couple centuries doing economics meant you could basically ignore the social connection category of wealth, because it was a pain in the ass to analyze and it wasn’t that powerful, really. But now there are a ton more social connections and those […]