I wrote a short text, commissioned by katya Sander for Circulation, a special issue of Printed Projects.
I assembled some of the research I did around art auctions........
Markets are a brilliant bundle of technologies, assembled to circulate things. All kinds of things. The most visible form of market, is the competitive market. A neo-classical economic model of a competitive market, pictures rational individuals pursuing their own self-interest - without regard for others - as the motive force for markets. The laws of supply and demand at play amongst these rational individuals, extrudes the values - often represented by a financial price – exchanged, in any transaction. These fundamental elements; rational agents, supply and demand and price mechanisms function in all markets everywhere; like natural laws.
Except of course competitive markets don’t actually work like this. Or at least, only in ideological models.
Windmill View House
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