Monday, November 1, 2010
Cowan on the Spontaneous Orders of the Arts
Tyler Cowan on the spontaneous orders of the arts, though he doesn't quite use that term. He points out that the arts are like any other spontaneous order system -- with increasing division of labor/specialization (or, more genres, in artistic language). The free market thus gives us more choices precisely because of its increasing heterogeneity. Markets are homogeneous only insofar as they provide all those choices to everyone equally.