Rubbish theory the creation and destruction of value

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rubbish theory the creation and destruction of value

Rubbish Theory: The Creation and Destruction of Value by Michael Thompson

Interesting theory about the way stuff behaves. Thompson distinguishes between three types of things: durables, transients and rubbish. A durable is something like a Monet painting or other valuable stuff, that doesnt loose its value over time and isnt destroyed over time (at least not in the easily forseeable future). A transient is an ordinary everyday object - and rubbish is, well, rubbish, junk. A transient can only transcend into the durable category by first becoming rubbish and then by being saved, for instance by a collector which is where my interest is.
I really liked the first part of this book where the basics of the theory is described and where the writing is fast-paced, humorous and interesting - in the later parts of the book, the theme turns to mathematics and logics and I kind of lost interest... But overall, very relevant book for my master thesis and for everyone interested in how an ordinary object suddenly can fetch extra-ordinary amounts in an auction.
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Published 09.01.2019

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Rubbish theory

Thompson M London, UK: Pluto Press. ISBN How do objects that have lost their value become valuable once again? Rubbish is something we ignore.

New edition of this classic work which asks: How do objects that are of little worth or worth nothing become valuable? Phrase Searching You can use double quotes to search for a series of words in a particular order. Wildcard Searching If you want to search for multiple variations of a word, you can substitute a special symbol called a "wildcard" for one or more letters. You can use? Advanced Searching Our Advanced Search tool lets you easily search multiple fields at the same time and combine terms in complex ways.

A witty and wide-ranging study of the value of items from status symbol to rubbish , from being worthless to becoming valuable again.
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I checked a copy out of the library and was so taken by it that I spent a couple of hours in the department office making a copy of the entire book. More on why I chose to do that in a minute. Most objects will decline in value, but perceived scarcity or other changes of valuation might cause prices to rise as the object ages. Sometimes we see this in antiques, vintage automobiles, and real estate pricing. The history of Rubbish Theory the book is also an object lesson in rubbish theory the theory. The book went out of print, presumably because the market was a handful of academics and libraries, and most who were likely to purchase the book had already done so while it was in print.

Click on the cover image above to read some pages of this book! Formatting may be different depending on your device and eBook type. Rubbish is something we ignore. By definition we discard it, from our lives and our minds, and it remains outside the concerns of conventional economics. However, this book explores the dynamics through which rubbish can re-enter circulation as a prized commodity, in many cases far exceeding its original value.


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  4. Baudelio B. says:

    How do objects that are worth little to nothing become valuable?

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