Judgement Day for Universities?

The Economist:

IN YESTERDAY'S Link exchange, I linked to a Henry Farrell post on the economics of 3D-movies, in which Mr Farrell quoted an old piece of his:

Perhaps the most interesting part of the book [Tyler Cowen's "http://www.amazon.com/Good-Plenty-Creative-Successes-American/dp/0691120420/thebel-20">Good and Plenty"] is one that goes on a tangent from Cowen's main argument - his discussion of how changes in the ability of producers to enforce copyright are likely to affect cultural production. Here, he argues that the likely consequences will differ dramatically from art form to art form. Simplifying a little, he adapts Walter Benjamin to argue that there is likely to be a big difference between art forms that rely heavily on their "aura," and art forms that can be transformed into information without losing much of their cultural content. The former are likely to continue to do well - they aren't fundamentally challenged by the Internet. In contrast, forms of art which can be translated into information without losing much of their content are likely to see substantial changes, thanks to competition from file sharing services. Over time, we may see "the symbolic and informational" functions of art [becoming] increasingly separate," as the Internet offers pure information, and other outlets invest more heavily in providing an "aura" and accompanying benefits of status that will make consumers more willing to pay for art (because it is being produced in a prestigious concert hall, exhibited in a museum etc).

I think this is a very nice insight that is likely to prove true. It's not always so easy to determine what kinds of what forms of expression fall into which category, however. I believe that many newspaper producers long believed that the "aura" of reading the newspaper--having the physical item in one's hands--was an important part of news consumption. This may have been true to some extent, but the advantages of information digitisation overwhelmed the aura, with obvious consequences.

Posted by Jim Zellmer at September 24, 2009 2:33 AM
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