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Creative Accounting

David Runciman: Money and the Arts

4 June 1998
Artist Unknown: An Alternative History of the Arts Council 
by Richard Witts.
Little, Brown, 593 pp., £22.50, March 1998, 0 316 87820 0
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In Praise of Commercial Culture 
by Tyler Cowen.
Harvard, 278 pp., £18.50, June 1998, 0 674 44591 0
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... from the free-marketeers. It is nothing of the sort. Nothing about arts funding is unambiguous or clear-cut. It is of course true that the market will always have its unequivocal champions, like TylerCowen, who argues that competitive capitalist economies are the seedbed from which the fullest possible range of artistic excellence and diversity can freely grow. But establishing the conditions for ...
5 March 2015
The Second Machine Age: Work, Progress and Prosperity in a Time of Brilliant Technologies 
by Erik Brynjolfsson and Andrew McAfee.
Norton, 306 pp., £17.99, January 2014, 978 0 393 23935 5
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Average Is Over: Powering America beyond the Age of the Great Stagnation 
by Tyler Cowen.
Plume, 290 pp., £12.99, September 2014, 978 0 14 218111 9
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... sheer computing power. The outcome is already a locus classicus in the study of computing, robotics and futurism, and is discussed at length in both John Kelly and Steve Hamm’s Smart Machines and TylerCowen’s Average Is Over.2 Watson won, easily. Its performance wasn’t perfect: it thought Toronto was in the US, and when asked about a word with the double meaning ‘stylish elegance, or ...

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