Wednesday, October 28, 2009

(AE) The Dismal Science


The law of diminishing marginal utility (applies to the consumption of art as well):

http://www.businessdictionary.com/definition/law-of-diminishing-marginal-utility.html

2 comments:

  1. "Consumption" seems ambiguous here. Is this about the appreciation and experience of art, or the purchase of art objects (which of course, especially at the higher echelons, is often about speculative investment rather than aesthetics)?

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  2. Consumption in this context = experience/enjoyment/appreciation.

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