SOCC44H3 Lecture Notes - Fixed Cost, K-Pop, Marginal Cost
Document Summary
The commerce of art, the art of commerce. Recap: historians and critics asking what makes us special and why are we different from others. The answer is that there is nothing different besides the copyright law. When we talk about economy we think of culture and when we talk about culture we think about economy. This is when we add money to things it gets weird. Third approach is the connected lives, this has to do with capitalist society, that art money and culture is all intertwined. There is always going to be a tension between art and commerce. There is a lack of sense of ease with this. A movie is not a reflection of society. People in media are rarely intentionally sexist or racist. The ratchet effect is when one super hero movie is released then a whole bunch of other super hero movies are released.
