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Art is remarkably popular these days. When I tell people that I am an academic working on the art market I often get an approving nod of the head that almost makes me feel like I am doing something meaningful with my life. But one also starts suspecting that the art market may be becoming a bit overexposed when you hear opinions on the merits or sale price of a Leonardo painting while having your hair cut. There are few other markets, except for those relating to technology, that has grown so spectacularly over the last decades – not simply in terms of the actual size of the market, but in cultural prominence. Art has entered the realm of the collective unconscious, exhibiting a cross-generational pull that bodes well for its future. It is not simply that the superrich are lavishing millions on paintings – it is also the increasing attendance at museums worldwide that is pointing to a thriving economic sector. The Louvre has broached the mark of 10 million visitors per year, New York museums are charging $25 per ticket, yet the constant flow of visitors is showing no sign of abating.

I had firsthand experience of that combination of cultural edginess and a trending market when I offered a course at a business school on Aesthetics and Art History. I intentionally avoided any reference to the art market in designing the course, promising nothing more than an overview of the history of art in ten sessions, emphasizing the principles of formal aesthetic analysis. The unexpectedly high enrollment, the enthusiastic response of the students and unusually strong work ethic throughout the trimester made me think that I have stumbled upon something deeper than just extended course offer and bored students craving excitement. Many of them were destined for careers in banking but were remarkably open to the opportunity of discussing visual representation. Experiencing a sense of forbidden pleasure for exposing future bankers to the history of art, I marveled at the relative ease with which brains attuned to complex calculations switched to the analysis of visual patterns. The combination of finance and art that unfurled before my eyes was truly intriguing, with their appearing as more compatible than even I had imagined. More… “When Gekko Collects Art”

Stoyan V. Sgourev was born in Bulgaria, received his PhD in Sociology from Stanford University, and is currently Professor of Management at ESSEC Business School in Paris, where he teaches art management and art history. He has published on a wide range of topics, including creativity and innovation, art and the art market, social networks and economic history. He is an art collector and recently organized an exhibition of his collection of prints and drawings. Used to being the only business professor at art history conferences and the only art historian at business conferences.

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“You can never make that crossing that she made, for such Great Voyages in this world do not any more exist. But every day of your lives the miles that voyage between that place and this one you cross. Every day. You understand me? In you that journey is.”
Angels in America, Millennium Approaches, Act 1, Scene 1

At the end of Ithaca College’s production of Millennium Approaches in October 2017, the lights flickered and we — the audience and Prior Walter — met the Angel for the first time. As both a reader and an audience member, I have immersed myself in this play countless times over the last 25 years — at the American Conservatory Theater in San Francisco in 1995, in the Off Broadway revival, during many viewings of the superb HBO production. I look forward to seeing the current Tony-award-winning version of the play, its first Broadway production in the Trump era. When we finally meet the Angel at the end of Millennium, it is a spectacle. In the text and in previous productions, her entrance is preceded by a giant boom that causes part of the bedroom ceiling to crash down to the floor. When she descends and asserts, “The Great Work begins!” it is significant, stunning, and terrifying. In Ithaca College’s otherwise phenomenal production, the Angel entered . . . on roller skates. More… “The Great Work Begins Again”

Jennifer Tennant is an associate professor of Economics at Ithaca College. A health economist by training, her research focuses on disability and mental health policy. She has written a number of articles on health economics and disability policy and has recently started writing creative nonfiction. Her first piece of creative nonfiction, a personal essay, will be published in Pleiades in January 2019. An image text essay, created with the photographer Nura Qureshi, was published in July 2018 in A VELVET GIANT.

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In Argentina, cash is king. An enlightened despot when your pockets are full, and a wrathful monarch when you’re insolvent. Amid a frantic departure from Buenos Aires, I learned this lesson the hard way.

I was in Argentina to visit my girlfriend. We met in Brooklyn, where she’d moved for a job. She worked as an au pair for a family with an infant. The company she was hired through sponsored her visa. We had been dating for almost a year when the family moved to California, and thus she chose not to renew her contract. Rather than help her find a new placement, the company dropped her. She lost her visa and had to move back to Argentina.

Despite the bad circumstance that forced her to move home, we decided to make the most of the trip. I was excited to visit my girlfriend and her family and learn about her home country. We toured Argentina, rounding out our trip in Buenos Aires. More… “Cashed Out in Buenos Aires”

T.K. Mills is a writer who lives in Bushwick, Brooklyn. He runs the art column for OpenLetr, and is a regular contributor to the street art magazine, Sold Mag. T.K. has also been published in The Vignette ReviewGlobal Street ArtLiterate Sunday, and The American Dissident, among others. His story, “Nicotine Traces”, was selected for the Summer ’16 anthology of Catalogue. To read more by T.K. Mills, check out his portfolio, visit tkmills.com.

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Boubacar drives nights for Uber. Often, impatient customers scream at him and then leave trash behind as he ferries them between their office jobs in glassy towers and warmly-lit SoHo restaurants. They rarely tip. By day, he delivers food for a popular salad and sandwich chain, weaving his bike through Midtown traffic and making minimum wage. It’s better than the busboy and delivery jobs his friends have, where their employers underpay. And despite the hour-and-a-half commute, he sometimes enjoys being out in the rush of the city — unlike his wife who works the cash register at their local CVS. At least he doesn’t worry about her the way he worries about his sister, who cares for three children on the Upper East Side and is often asked last-minute to stay until late.

But, mostly, he worries about his kids, ages five and seven. He’s had to find a new delivery job every few months and is still never guaranteed hours. He’d been hoping to train to be a nurse, as he’d like to have a regular schedule, save for his kids’ education, and do work that feels good, but he knows he’ll never have the time. How will they learn to love soccer, or remember their native Senegal, if he’s never home to talk and play with them? And when they’re older, will their lively minds be overwhelmed by worry about rent and food for the next week?
More… “Imagining A Way Out”

Abigail Fradkin studied political thought and history at Harvard College. She has worked in immigration and economic development and currently works for the New York City government. The views expressed in this article are her own.

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Late one night on a hot summer five years ago, I found myself in a room packed floor to ceiling with bunk beds and sweating human bodies. This was no prison or hippie commune, mind you; I had just embarked on the Camino de Santiago — a grueling journey of 800 kilometers that starts from a small village in the south of France, crosses northern Spain, and ends a mere 90 kilometers from the Atlantic ocean in the town of Santiago de Compostela. In medieval times, the road to Santiago (as the name translates to) was a major pilgrimage route culminating at the town’s eponymous cathedral, which, legend has it, holds the remains of Saint James, one of Jesus’s apostles.

I am not religious, but neither were most of the thousands of people who would walk the Camino that summer. Unlike the ragged, world-weary, indulgence-seeking travelers of old, modern pilgrims come here clad in high-tech mountain gear for reasons ranging from the lofty to the prosaic. Among the people I met at various points were: Catholics looking for divine communions; garden-variety spiritualists on the hunt for energy fields and epiphanies; hedge fund managers in the throes of midlife reckonings; recent graduates desperate to ward off adulthood for as long as they could; and a slew of curious, more practically motivated characters hoping for a soulmate, weight loss, and cheap thrills.
More… “Millennial Sin”

Elitsa Dermendzhiyska is an entrepreneur in London who builds digital products, travels the world and studies mental health. In 2016, she took a break from business to research the links between genes, genius and madness. Her writing has appeared in the award-winning book Not Knowing: The Art of Turning Uncertainty into Possibility.

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From Mad Men and White Collar to Dirty Jobs and Grey’s Anatomy, TV may tell us a lot about how we view our work — and, moreover, how we should. For some, it’s just a job, but for others, it’s a life calling. Maybe we can learn more about our professions by staying on the couch than we can by joining the workforce. (Aeon)

Ad blockers are gaining popularity, maybe because they can save mobile users more than just the headaches caused by strobe-like video ads. A new report by the New York Times shows that, depending on the ratio of advertising to content, blockers can shave seconds off loading times and cents off data bills for each page. (The New York Times)

There’s a constant battle to explain why the rising price of a college education seems to raise demand, defying the usual models. There’s a term for this — a Veblen good — and it’s got mostly to do with the price of prestige. (The Baffler)

Is it time for “he” and “she” to go the way of “Miss” and “Mrs.”? Sharon Bloyd-Peshkin argues that gender, like marital status, should not be brought up in journalistic stories unless pertinent. Here’s a historical and political case for the singular “they.” (In These Times)

Looking for something to read this weekend? Sink into some science. (Seed Magazine) •

Maren Larsen is the associate editor of The Smart Set. She is a digital journalism student, college radio DJ, and outdoor enthusiast.

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In my old age, I hope to found a new university, called rather unimaginatively the New University, with funding from one or another imprudent billionaire (a prudent billionaire would turn me down). In contemporary universities and colleges there is often a division among the natural sciences, social science and humanities. In my New University, there would be only two faculties: natural sciences and the humanities. The social sciences would be abolished.

Social science was — it is best to speak in the past tense — a mistake. The dream of a comprehensive science of society, which would elucidate “laws of history” or “social laws” comparable to the physical determinants or “laws” of nature, was one of the great delusions of the 19th century. Auguste Comte formulated a Religion of Humanity based on “the positive philosophy” or Positivism. Karl Marx went to his grave convinced that his discovery of laws of history had made him the Darwin or Newton of social science.
More… “Let’s Abolish Social Science”

Michael Lind is a contributing writer of The Smart Set, a fellow at New America in Washington, D.C., and author of Land of Promise: An Economic History of the United States.

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“But it is pretty to see what money will do.” So says London diarist Samuel Pepys in his March 21 1666, entry. And he’s right. Money can “answereth all things” according to Ecclesiastes; it “doesn’t talk, it swears” according to Bob Dylan; it’s “good for bribing yourself through the inconveniences of life” according to Gottfried Reinhardt; it’s that “clinking, clanking sound” that makes the world go round” according to the Cabaret emcee; “it’s better than poverty, if only for financial reasons” according to Woody Allen. Money can even purchase the wherewithal for a personal credo: “I believe in meditating in the tub with some very nice bath products,” Oprah declares. “Origins Ginger Bath is one I use a lot.” Well, I suppose meditating is a fine and centering thing, as long as one meditates with rather than on… More…

From the perspective of a movie theater owner, all those lethargic explosions in Inception were just very expensive commercials for giant boxes of Goobers and Raisinets. Likewise, Colin Firth’s carefully modulated anguish in The King’s Speech. The Regal Entertainment Group — America’s largest movie theater chain with 548 theaters in 39 states — reports that its average patron spent $3.09 at the concession stand in 2009. That may be chocolate-covered peanuts compared to the revenues theaters generate from admissions at a time when tickets typically go for $7.95. But theater owners don’t have to split concession sales with distributors, and the mark-ups on salty tubs of popcorn and watery vats of Coke are huge. According to Smart Money, approximately 85 cents of each dollar spent at the theater candy counter is pure profit.

 

In… More…

Earlier this month, a Florida restaurant called the Chicago Pizza and Sports Grille started adding an “automatic gratuity” of 15 percent on every in-house order. In staid, statist Europe, that’s par for the course. In America, you see it on cruise ships, in tony establishments run by celebrity chefs such as Thomas Keller, and in less luxe setting when parties of six or more are involved. But for a lone diner, grabbing lunch at the kind of place that puts an extra helping of vowels at the end of its name to show how much personality it’s got? Say it ain’t so! This is where real America eats. And real America does not deserve a unilaterally applied service charge on its Fried Mozzarella Sticks and Windy City Nachos!

 

Even a committed socialist such as… More…