Toby Shorin: The diminishing marginal value of aesthetics
Cultural production is typically ignored by economists and technology writers. At best it is only addressed within the context of various media verticals: film, music, news, and so on. In this post I will begin to correct this strategic oversight by combining a theory of cultural production with some common frameworks for understanding technology and value. This analysis leads to an unavoidable conclusion: the diminishing marginal value of aesthetics.