Friday, April 4, 2008
How many toes does a camel have?
“The invisible hand” is a notion that immediately evokes images of a free self-regulating market. The invisible hand is what Adam Smith says will create the appropriate balance in a free market, rendering government control superfluous. Individual selfishness will result in overall societal benefit, as it is individuals’ economic contributions that in sum equal society’s economic production as a whole.
It would seem, however, that economics also have a hand in regulating other ventures. The economic state of affairs dictates many obvious things, such as what type of transportation we live in, our homes, what we eat etc. It also dictates taste.
In response to the current American economic downturn, designers have started changing their focus from flaunted luxury to refined subtle luxury, exuded through quality and simplicity rather than flash. It is through a mastery of this that formerly little known designers such as Bottega Veneta are becoming more mainstream, while Coach has become Middle American and Hermes, something seen in every city in the world over 1million people. (Exaggeration I know, just deal with it) Bottega has embraced simplicity and quality; rather than produce something ostentatious.
I will not dwell on fashion, it is something I know little about, however, the level of interdisciplinary connection there is, even at the most obscure levels is fascinating.
In sum, this was a slow brain week.
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