Dept. of Burying Your Lede, Econo-blog Edition

Some day I will post the final part of that blogging Tyler Cowen's book on capitalism & the arts, even though by now I've forgotten most of what's not in that rough draft. Still, today he has a post about the oft-raised idea of a movie stock market, where investors can bet on a film's box-office.

And even though I have to admit I'm not as strong on some of the economic stuff, he does have a good final few sentences about how the highly variable quality of movies (which is what allows the occasional masterpiece to slip through, as well as atrocious misfires), ending with this kicker:

So much of our cultural industries have been built on consumer mistakes and those days are coming to an end, rapidly.

RTWT here (it's only a couple of paragraphs).