To be, or not to be—that is the substance of it.
Is this my camera, this cunning device of glass and lead,
A means of production, a scepter for a king?
And am I, a poor player who struts and frets his hour upon the stage,
A capitalist, by this bauble made?
Or but a journeyman, who with his own two hands
Doth carve his meager feast from the unyielding stone?
Their Story. The market, they say, is a self-polishing machine that always tries to find its balance. The main engine is a fellow looking out for his own hide, and everybody else doing the same, which they call competition. Price is just what folks are willing to pay and what others are willing to sell for. The old boys worried about wealth and value in the long run; the new ones fret over every little decision a buyer makes.
The Photographer in this scheme: In the capitalist order, a professional photographer is either a «small-time bourgeois» or, more colorfully, «a worker who exploits his own self.» If he works alone, he’s a two-man show in a one-man body: the exploited class (the proletarian, for he sells his labor) and the exploiting class (the bourgeois, for he owns the camera and pockets all the proceeds). The moment he hires assistants and pays them less than the value their sweat creates, he graduates to a full-fledged capitalist, pocketing the «leftover» value from his hired hands.
The Camera in this scheme: A camera is a classic «means of production.» It’s the tool the worker (the photographer) uses to work upon the «raw material» (God’s creation) to forge a finished product—a photograph, which has value you can use or trade. The whole worth of the picture is spun from the photographer’s labor; the camera just slowly donates little pieces of its own original cost to the final product, like a coat wearing thin at the elbows.
Their Story. The tug-of-war between those who own the tools and those who have nothing but their sweat to sell can’t be settled without a move to a classless society, and a revolutionary jump is needed because the whole government works for the fellow who signs its checks. Slipping a parliament man some cash is corruption and is called a bribe. Its main difference from lobbying is that one is against the law and done in a dark alley, and the other is done in the open with fine cigars.
The Photographer in this scheme: (The description remains identical to the one in the Classical theory, for the Marxist view coincides here).
The Camera in this scheme: (The description remains identical to the one in the Classical theory).
Their Story. The founder, Menger, wanted to prove that economics was a proper science, with laws as universal as gravity, and that these laws are rooted in the choices of a single man, not in grand historical tides or class interests. In effect, he created Praxeology – which studies the logic of human choice when a man is short on resources and long on uncertainty.
The Photographer in this scheme: A photographer is first and foremost an entrepreneur. His main role isn’t so much in the making, but in seeing around the corner and satisfying needs folks didn’t know they had. He operates in a fog of uncertainty: guessing what style will be popular, finding his own little patch on the market, bearing the risks, and marshaling his resources (time, gear, advertising). His profit is the reward for seeing straight and clearing a path through that fog.
The Camera in this scheme: A camera is a «good of a higher order» (a means of production). But its value is entirely subjective and borrowed from the value that the final customers place on the photographs. Without the entrepreneur’s vision and the subjective tastes of his clients, the camera is just a useless heap of plastic and glass. It’s the tool in the entrepreneur’s hands to make his ideas real.
Their Story. Institutionalism sees the friction between capital and labor as one of the main engines of economic development. But for an institutionalist, the question isn’t «how to wipe out the friction?» but «what rules, norms, and organizations can best manage this eternal squabble?» It often paints the state as a neutral referee who can even the odds in the fight.
The Photographer in this scheme: A photographer is an actor on a stage built by a complex set of institutions. His behavior and success are shaped not just by his own sense, but by the rules of the game:
Formal institutions: Copyright law, taxes for the self-employed, business regulations, certification requirements for some jobs (like wedding photography).
Informal institutions: The unwritten «understandings» in the professional community about pricing, ethics, what’s in fashion; the trust between a photographer and his client.
The Camera in this scheme: A camera isn’t just a means of production; it’s an asset, and the rights to own it and what it makes are clearly defined by institutions. The value of the camera and the pictures it takes depends entirely on the strength of the institution of copyright. Without it, the photos could be stolen with impunity, and the commercial value of the photographer’s work would be next to nothing. So, the means of production are not so much a fact, but a bundle of property rights, which are determined by laws and social norms. The conflict in society is less a battle between labor and capital, and more a scrap between different interest groups (business, unions, the state, lobbyists) over who gets to influence these very rules.
Their Story. Propounded by Daniel Bell and company, it claims that developed countries are shifting from the industrial age to a new, post-industrial one. Its main points boil down to this:
Information and knowledge become the main wellspring of innovation and the driving force of politics, shoving aside old-timers like land or labor.
The economic center of gravity moves from making things to providing services, research, education, and improving the quality of life.
The fastest-growing tribe is the technical specialists and professionals—the knowledge-bearers, who form a new «intellectual class.»
The main type of work becomes people dealing with other people (service), not a man wrestling with a machine.
The Photographer in this scheme: A creative entrepreneur, blending the roles of an intellectual worker and an organizer. When he hires assistants, he becomes a micro-capitalist of the creative economy.
The Camera in this scheme: An intellectual amplifier, not a classic means of production. The main productive resource is the photographer’s knowledge and creativity. The primary value is created through information and symbolic content, not through physical means.
Their Story. The Great Depression of the 1930s showed up the ideas of a quick market self-recovery as a sham. A path was needed within the existing world order. The gist of Keynes’s idea is that the state should actively manage demand through fiscal and monetary policy. In practice, this means tax cuts, handing out easy credit, and money in general. The heyday of Keynesianism came after the Second World War.
The Photographer in this scheme: A photographer is, on the one hand, a consumer, and on the other—a small business, whose well-being directly depends on the aggregate demand in the economy.
In a boom (high aggregate demand), people and companies have money for weddings, corporate events, ad campaigns—demand for the photographer’s services grows.
During a crisis (low aggregate demand), his services are one of the first things households and businesses cut. He can face unemployment, even though he’s a professional.
The Camera in this scheme: A camera is a tool for extracting income, whose usefulness is unstable and depends on the macroeconomic weather. For a Keynesian, the key question is not what the camera is in itself, but how to ensure such a level of aggregate demand in the economy that the photographer has enough clients to make using this camera worthwhile. It is an object of investment, whose return is cyclical.
Every economic theory offers its own spyglass to look at the modern professional. Marxism lays bare the contradictions, neoclassicals paint a harmony, the Austrians see an entrepreneur, the institutionalists see a player by the rules, and the post-industrial theory sees a creator in a digital field.
Choosing your lens isn’t just an academic pastime. It’s a matter of conscience. What sits closer to your own heart: seeing the economy as a battlefield or a collaborative venture? Do you trust that the free market rewards a man’s merits fairly, or are you convinced it just perpetuates inequality? Do you see digital platforms as the liberators of creativity or its new taskmasters?
Let conscience be your guide as to which set of spectacles describes reality more truly and points the way to a fairer society. In the end, the economic creed you choose dictates not only how you see the world, but how you mean to act in it.
Respectfully Yours,
Kirill Toll’
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