Abstract

Rising Real Gross Domestic Product Per Capita data indicates rises in living standards. Nonetheless, cultural pessimism is the received view. This paper makes a series of arguments that we should expect our cultural products (e.g. art or cuisine) to be on an upwards trajectory, just as RGDP per capita is. To do so, I expand on Bill James’s “Peripheral Quality Indicia” in order to argue that analogous indicators for our cultural products strongly suggest that they have improved. I also claim that RGDP per capita is itself a peripheral quality indicium for essentially any good in the economy. I then sketch the conditions under which cultural products are actually lower in quality today than they were in previous periods to demonstrate their general unlikelihood.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.