Monday, February 16, 2009

The Recent Revolution in Cultural Economics

Part of the policy problem today is that the [answers to the] question 'What is culture?' are not as well defined," he said. "Is YouTube culture? Are blogs culture?" With the Internet, Cowen continued, consumers are now using new technologies to substitute for older forms of culture. Instead of going out to the opera, people may watch a short aria online. Said Cowen, "You see more activities that fit on the fringe of culture."

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