The section on art collecting highlights the limitations of an economics-based approach to defining "talent." Cowen is an economist and this colors his entire approach. “You learn about other cultures, you learn different points of view by refining your eye and you develop a skill that is extremely useful for judging other things and cracking cultural codes in other settings. It’s an education in market economics - a…
> there is very little connection between "aesthetic value" and "market value." Wait, so how do you determine this "aesthetic value" if not by how much people are willing to work to acquire it? Your personal opinion? Some authority figure? Maths?
Yes, what's wrong with that? With a little katharsis mixed in, of course.