Its the arts
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Its the arts

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Artfully money was invoked over 35000 years ago an archaeological lesson economics refuses to understand. Reality is not economics and finance game so much as producing fiction.

Artfully money was invoked over 35000 years ago an archaeological lesson economics refuses to understand. Reality is not economics and finance game so much as producing fiction.

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    Its the arts Its the arts Document Transcript

    • “ Man Bites Man! Elections ... Economy. It’s the Arts, Stupid? "It’s the economy, stupid” - James Carville, strategist on Bill Clinton's 1992 campaign. “The Greeks said that to marvel is the beginning of knowledge and where we cease to marvel we may be in danger of ceasing to know” - Ernst Hans Josef Gombrich, Art and Illusion, 1960 “[Lascaux cave] art pays homage to that moment when human beings, through consciousness, separated themselves from the animal realm, emerging as the unique entity that we know ourselves to be.” – Wade Davis, Massey Lecture, 2009 Yup, there is more to art than gold, a lot more! All that glitters is not gold, but, often is made up to trade like it! That is if some serious value added gets imputed. Art is more significant than sculpted “Loonies” coins and illustration on specie of our aspirations. Art has always had a function as our “money” only later impressed on it, but the addition of high-value has been integral. Art has always been at economy’s core, much longer than specie gold. The social content of a newly attributed early DaVinci study "La Bella Principessa" is a compelling example1 of how dearly we will value that content. Conveyed on something we can measure, a pound of oak panel, vellum and chalk, the piece was auctioned twice in a decade at $25,000 as if gold by weight. That was its auction price when traded merely as an attributed 19th century German work as its social content. If we treat that worth as it is ‘its weight in gold’ reference base, then the rest is awesome social content a social phenomena acting as money multiplier premium. Now many will consider paying over $150 million given its new content attribution. Anyone interested in some rare Black Tulip bulbs? There is art, and then the Artful Dodger. Social content pays. That is what the 'Mad Men' knowingly sell. The induction of social content in a product is value added to differentiate one product from others - seeking position in higher priced niche market. It is also something we have done for millennia, creating cult and fetish art from little of value like antler, bone or a conveniently workable stone. The supposition of surplus has driven much economic theory, notwithstanding surplus might only occur one year in three on the alluvium of the Nile or Euphrates and one year in seven most everywhere else the evidence of culture and town exists even much earlier in the archaeological record we continue to uncover. Yet, we find evidence of art being crafted through all time as we waited, for the snare, in blind beside a deer track, or for the crop to ripen. Art is our economy’s primer. It is what we do. Some like Wade Davis, vigorously argue our capacity for making art uniquely distinguishes us from other animals. What resonates is that truth is overlooked by bias. We as a species have indulged in articulating our relationship to the world through art we have made and left as record of our place, gifted and traded these objects. Though it must also be said there are elaborate examples of artwork made among animals, like the New Guinean and Australian Bowerbirds building finely articulated display staging for the attraction of a mate to their nests. Much is in 1 http://arthistory.about.com/od/leonardo/ss/leonardo_la_bella_principessa.htm Page 1 of 6 November 2012 © Copyright StockTakers Limited, All Rights Reserved. Copying Prohibited. The author does not provide investment advice. In order to use reproduce or convey the material herein, in any way, written agreement must be obtained from the author or its agent Architypes Inc. StockTakers Limited is an Alberta corporation providing information on “likeables” equities. StockTakers Limited encourages your seeking tax law advisor for capital gains tax dispositions.
    • “ Man Bites Man! Elections ... Economy. It’s the Arts, Stupid? Stupid our persuasive pitch as we set ourselves to craft objects according to a design of our invention. For the Bowerbird also, art comes first and only is foremost to its success. The social content of even these bird brain design endeavours is important adding value to secure a mate, their genetic survival. Ritual gifting is found everywhere in social norms for cohering as a group, welcoming group the stranger in tolerance to our group, and then also, as diplomatic device to avoid warring. e To many it will seem very bizarre to see art as the base of our economic history but, we should y, think about that very carefully. Art objects have always conveyed status in possession of their . skills. Status display is central to our social order systems in tatus all cultures. Highest order display involves tribal fetish or ighest cult art objects and the gifting of such art objects. Löwenmensch of the Ho Hohlenstein Stadel Swabia 35000 BCE is a clan animal headed human bodied figurine carved out of mammoth ivory using a flint stone knife Venus of Dolni knife. Vĕstonice found in Moravia, Czech Republic, is first nude female figurine in ceramic (before pots) dated to 29,000– e 25,000 BCE. Fetish clan figures like bear, lion, mammoth, horse, fox, rhino and owl are found. Ornament is the first use of metals in corded style rings, and buckles for robes. Innovation is all a nnovation about the artist driven skill-set solving the ill-defined 'fuzzy' problem or materialize our cosmic riddle. defined Insight, heuristic, plausible inference, adduction, conjecture, or inspiration, these flights of imagination are where science runs into art. The result is where s engineering gets its algorithms, once the mathematic mathematicians connect the dots ... for our ready use of what proves works to be practiced Art and science align, experiment drives both. practiced. , both With stick in the dirt, rock grinding rock or pencil and paper in hand we have always drawn our focus by building our ideas into diagrams We think our challenges through as we process. diagrams. Petrogl Petroglyphs have survived at sites we carefully protect and designate as worthy of World Heritage. Our formal stylizations of Project Management could just as likely be an expression of Dada symbolisms for process until the penny for our thoughts drops into place and we have drawn the landscape of the solution we have been seeking The seeking. SWOT diagram cast into blocking blocking-out the broadscope Page 2 of 6 November 2012 © Copyright StockTakers Limited, All Rights Reserved. Copying Prohibited. The author does not provide investment advice. In order to use reproduce or convey the material herein, in any way, written agreement must b obtained from the author or its agent Architypes Inc. be StockTakers Limited is an Alberta corporation providing information on “likeables” equities. StockTakers Limited encourages your seeking tax law advisor for capital gains tax dispositions.
    • “ Man Bites Man! Elections ... Economy. It’s the Arts, Stupid? of issues we need to work through. The Ishikawa Fishbone Diagram tool may be as likely an ideogram for a fish hunting its prey, and not seen as the basis on which we build our strategy for shipbuilding or introducing to market a popular small sports car modelled on the ethos of boomers. Planning of projects is the highest order of managing them. It is the aspect most driven by qualitative experience least susceptible to quantitative measures2. Art and science align through our designing minds3, engaging experiment, advancing our knowledge. High-value added can be driven by our susceptibility to persuasion in selling the arts. Persuasion is social, making taste, leading right through all sectors of the population. It is also what sells the smart phone and tablet now, ideas that the trail-blazing pioneers sustained too many bear traps and arrows trying to bring to market. Dick Tracy as created by Chester Gould, must get some credit, but it was IBM and Microsoft who suffered trying to bring these concepts to market too soon. 'Sleek rounded corners' bringing-in the troops of lawyers to face-off in a design copyright battle should not be between Apple and Samsung. The valise pouch or man-purse sized HP-35 wedge with tight corners at US$395 went to market in 1972. Sleek cornered slim coolness slipping right into your shirt breast pocket were the distinctions of the £45 Sinclair Scientific, those 40 years ago, when you finally could get rid of the plastic pocket protector. Too bad the AAA batteries contactor clips of my Sinclair were not strong enough to survive a fumble-drop from shirt-pocket onto my desk. Likely those lawyers will not admit Jobs said, “Steal any good idea” as his mens reas. So also did Picasso advocate, seeing magic in the drawings of children. Ötzi the Iceman appears from the dawn of Chalcolithic (Copper) Age metals smelting and working 5,000 years ago carrying no coins on his trek through the Ötztal pass just pack foods; stone-tipped arrows and bone tools; and also, a copper-head axe mounted on an yew burl haft a high status display (possible trade) good left behind by his murderers so as not to announce their crime by possession of such rare and marvelous artefact. In his blood traces of arsenic from smelting ores and in his skin and hair traces of copper filings confirm his artisanal ability in copper working. Ötzi the Iceman seems to have been a practised artisan, pioneering in the most advanced technology of his time. Early records such as we have in Ötzi the Iceman of Western Europe, Battle Axe of the Baltic Germanic speaking Celts, to the Fatyanovo–Balanovo culture of the Volga in the Eastern Europe, are that a copper axe though less sharp than flaked chert stone or shards of shell was carried for status among men while stone was more practical accordingly carried by women and children for daily group oriented tasks of butchering and gathering. It is what we visualize we can gain by having any item in our control that encourages our valuation of any item offered in trade. That motive cannot be closeted just as its utility, often its durability, but also its delight. It is delight that ‘Mad Men’ persuasions hinge into action adding that value foremost to creating the niche market. This is a facet of demand that must be nurtured. 2 3 PBOK, Ch 3, 17of 20 tasks are specifically identified as qualitative, with remaining 3 quantitative. This view I have long held. It appears confirmed in prior work of Georgy Polya and later Ranulph Glanville. Page 3 of 6 November 2012 © Copyright StockTakers Limited, All Rights Reserved. Copying Prohibited. The author does not provide investment advice. In order to use reproduce or convey the material herein, in any way, written agreement must be obtained from the author or its agent Architypes Inc. StockTakers Limited is an Alberta corporation providing information on “likeables” equities. StockTakers Limited encourages your seeking tax law advisor for capital gains tax dispositions.
    • “ Man Bites Man! Elections ... Economy. It’s the Arts, Stupid? These are not accidents but values well known. These are the summary of Vitruvius’ surviving view of the canon derived from Aristotle’s classical Hellenism. Much the same grounds are likely found in common among all cultures. It is not mechanization that makes us human. Art is precedent to science and all the production science and engineering make available. Surplus of goods has not driven us to market, but the availability of art making goods offered in trade. Bead work from shells, like wampum, is ‘idle-time’ art work leading to demand for shells and their prevalence in use as the first ‘money’ in evidence which has existed deep into our species behaviour as archaeology exposes. The carving of clan ‘magic’ images in bone, and child’s finger imprint on figurines of crude fired clay predate more utile functions of these arts. These are the first elements of trade goods as media of exchange. Metals even in smallest quantities as first smelted from placer nuggets and ore were first beads for making art prestige goods adding to our canon of jewellery ornament. These were high value added goods with ‘magic’ in them, “a new innocence of perception, liberated from the cataract of accepted belief.4” “Art is in the act of making5” is not over simplified summary in Gombrich’s rich commentary on our practice of art through all of time. We proceed in making images that satisfy through trial and error, the core of scientific inquiry we have pursued from ancient to current order. “Where we cease to marvel we may be in danger of ceasing to know” is classic Greek derived advice economists abstruse theorizing ignores at peril of being just obtuse, merely irrelevant. It is our innate desire for creating, which drives our market decision placing value on what is offered in trade. That is always as it has been a factor of human aspirations. We participate in adding value to corporations in the same way, bringing our value to add to its process. The argument of John Nash6 has ‘Bill’ bagging a bundle much more highly valued by him than by ‘Jack’ which can turn one quickly to the folk tale Jack of the Beanstalk trade of his mother’s dry cow, for a handful of ‘magic’ beans. Like Nash's 'Bill' selling bean seed to 'Jack' who then climbs to the clouds on it to steal a bag of gold and makes his escape down the beanstalk, there is some serious 'magic' in this activity of trading. Culturally, we have known this a long time and told many a folk tale to convey such wisdom to our children. It is one of our first lessons in training entrepreneurship values. Some may actually have taken their lessons to engage in selling the pea and shell game as adults, or more pathologically selling bad fiction, that we can see as on the order of damned lie aiding fraud. The ‘Mad Men’ run the gamut from using fair truth, to white and damned lies. “Magic, or New and Improved” sound bite tempers and manipulates our decisions in the market. The spreading of fair truth covers the conveyance of all, with the white and the damned. Art is then also exercised without science, when ethos without experimental result, as is rife in financial product sales. 4 Arthur Koestler, The Act of Creation, 1964 Sir Ernst Hans Gombrich, Art and Illusion, 1960 6 "The Bargaining Problem", John F. Nash, Econometrica (18): 155–62, 1950 5 Page 4 of 6 November 2012 © Copyright StockTakers Limited, All Rights Reserved. Copying Prohibited. The author does not provide investment advice. In order to use reproduce or convey the material herein, in any way, written agreement must be obtained from the author or its agent Architypes Inc. StockTakers Limited is an Alberta corporation providing information on “likeables” equities. StockTakers Limited encourages your seeking tax law advisor for capital gains tax dispositions.
    • “ Man Bites Man! Elections ... Economy. It’s the Arts, Stupid? There is no economic system without consumer demand for production. That is the fundamental truth of economics. Markets exist because there is demand. Or demand can be advocated by “Mad Men” persuasions. They rush to microphones to get their agenda sold and imprinted on our minds. The suppositions of surplus and need as central to .market theory is waste. Demand is the core not supply. Trickle-down theory all you want and you will be bailing your canoe. For the magic of symbol and image found created in our art always there has been demand. This we can trace beyond 35,000 years, in artefacts and trade for their constituent materials is found in our archaeology in every material that is found not of its place. What is out of its place bears tremendous meanings. We have always needed to comprehend and include such in economic discussion. Oddly this practical money of bone, chert, salt, and shells found in history is summed by Carl Menger7 and left behind unworthy, as theory of money focus turns to specie alone. They then assert credit follows the march of barter, to money, to credit which is far from real economic record even as it was two centuries ago when Adam Smith made this conjecture. Coin specie was first invented in Arcadian silver and later Croesus’ Lydian gold, but ‘money’ as an exchange medium in social contracts has been in archeological evidence for more than 35,000 years, first in their raw inputs in shells and amber; and then, high-value added artefacts for status goods both gifting within the tribal group (think of your life as children engaging group inclusion without money, even in refrigerator art) and trading as an activity more widely where the participants do not know each other. This life of trading evidently began before agriculture, pottery or metals were known or towns invented. Informal monies such as these media and credit contracts (even as IOU’s) arose in response of necessity and have been tendered where and as market traders agree. People gift within their group, as well as trade in village and town. To presume and think otherwise (as gold standard advances in common debate these days) is an asocial view of market functions. Gold standard comes as aberration acting on the market requiring a class of money changers and banking aimed to sequester value to isolated constituencies outside its own. It is derived from classification in economics which aims to serve those isolated constituencies, their own interests. Some view specie invokes an asocial intrusion of government military financing8 on traditional credit contracts arising with the Greek palace and plunder economy invention of coin. Strangely that is where the economics of money theory begins and largely misses the point to merely justify one side of economics, that of warring, ruining much to gain small portion for few in plunder, instead of corporate creation and adding value, each to his ability. We must deal with both formal and informal monies, specie and endogenous credit money if we are to advance understanding economic operations in our society in an actual fully balanced and useful way. The substance of The Modal Geometry does not need these distinctions in categories of money but instead deals with the whole, all of them, in mapping from balance sheet data the added 7 8 “On the Origins of Money”, Carl Menger, Economic Journal, volume 2,(1892) p. 239-55, translated by C.A. Foley David Graeber, Debt: the first 5000 years, NYC, 2011, agenda is not in the roots of social trade. The baby is in that bath. Page 5 of 6 November 2012 © Copyright StockTakers Limited, All Rights Reserved. Copying Prohibited. The author does not provide investment advice. In order to use reproduce or convey the material herein, in any way, written agreement must be obtained from the author or its agent Architypes Inc. StockTakers Limited is an Alberta corporation providing information on “likeables” equities. StockTakers Limited encourages your seeking tax law advisor for capital gains tax dispositions.
    • “ Man Bites Man! Elections ... Economy. It’s the Arts, Stupid? worth of the trading connections who build-in the vitality and outcome of each corporation. It is from this mapping we derive the risk price as a measure of the individual firm against which we are able to ascertain the place of its equity in the estimations of other market participants, much as Nash’s ‘Bill’ and ‘Jack’ confirmed by evidence in their market behaviour. Two of three equities trading above the risk price continue their price gain is real, evident proof. It is on the basis of that evidence we can partition the entire market into “likeables” selected on the basis of their risk price relationship to the market determined stock price. With very reasonable accuracy the risk price exposes the partition between gainers and losers. It is powerful knowledge. Be wary of the financial products industry newspeak for therein is no science for which they can be accounted. They do not know risk, or volatility other than as consequence, you will suffer, not they. Sales patter they have plenty, as these market Mad Men churn ‘news and gossip’ for your fees. News making without results in useful return advantage for growing your wealth is all they can do, just stirring-up investor angst with conflicted interpretations motivating markets churn9. Knowing risk price, achieves capital security and necessary liquidity for our clients, and outstanding gains in long term positions. You have market proof positive in our ABC’s Truth or Dare portfolio results. We do know more and better than the entire industry as shown in our continuing record for advantageous outrageous results obtained in real markets. Our methods proceeding only from balance sheet data analysis obtain high return, capital security and liquidity for your investment portfolios. That is very likeable. Our reasons for having any equity in our portfolios are clear, concise and consistent. The equities we hold are “likeables” tending to gain 67% of the time. We do not make stock prices but can reasonably respond to stock price tendencies, by our knowing the risk price, from which to measure the downside, and buying and holding accordingly. We exercise new fundamentals from new theory we have put into policy obtaining 29% IRR average. Know What You Have. Have What You Know Our view is risk averse. Of course we earn our fee for doing that. Mail us for our help. Ernst and Hans Goetze, Architypes Inc and StockTakers Limited Head Office 76 Midridge Close SE Calgary, AB T2X 1G1 72 Cornwall Street Toronto, ON M5A 4K5 351 Chemin Boulanger Sutton, PQ J0E 2K0 450 538-1270 9 http://riskwerk.com/2012/11/10/investor-angst/ One basic fact, one news wire playing the market, one service not involved in conflict of interest which makes a mad mad world of newspeak. What do they know that is worthy of such filtered commentary? Page 6 of 6 November 2012 © Copyright StockTakers Limited, All Rights Reserved. Copying Prohibited. The author does not provide investment advice. In order to use reproduce or convey the material herein, in any way, written agreement must be obtained from the author or its agent Architypes Inc. StockTakers Limited is an Alberta corporation providing information on “likeables” equities. StockTakers Limited encourages your seeking tax law advisor for capital gains tax dispositions.