The Daily DeX 04/23/2019: Where The Hell Is Shakespeare’s Library?

"Some of William Shakespeare’s friends and associates left behind a description of his library. Nor is there a record of it being dispersed at the time of his death. His will refers neither to books nor manuscripts. In fact, it gives no sign of a literary career at all, or even a literate one. Contemporary dramatists such as Francis Beaumont, Thomas Dekker, John Fletcher, Robert Greene, Thomas Heywood, and Ben Jonson all left behind plays in manuscript. No Shakespeare playscript, though, has ever been found. (Part of the manuscript of a play about Sir Thomas More has been attributed to Shakespeare, but the part is small and the attribution contentious.)"

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When The Pay Walls Come Tumbling Down

Paywalls erode (or, their ability to gauge and adjust to price signals properly weakens) as the marginal value of the digital goods behind them decreases. The marginal value of digital good decreases when 1) too little money chases a surplus of content; or 2) other options (Netflix, Sling TV, piracy, or weak demand) become opportunities for greater value to consumers.

There’s No Such Thing As The Real Economy

"Producing goods and services is only possible because of the nexus of transactions, networks and ideologies that we think of as global capitalism. Ideology conditions us to believe that the real economy makes the virtual economy possible. However, the reverse—that our sense of a “real” economy is only possible because there’s a “virtual” economy that circulates capital through it—has been true at least since the advent of digital transactions and probably since the transition from the Bretton Woods version of the gold standard."