Economic history has been dominated by basics: growing food & fuel, mating & child rearing, fighting wars, clothing & shelter, worrying about afterlife. Occasionally there have been major agricultural surpluses, which have been spent in a bizarre variety of ways (thread) /1
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Very true. I'd say one can go even higher up the needs hierarchy and avoid frivolity; Michelangelo's patrons skirted it, for example. As world prosperity increases, art is the next potential area of explosive growth - much will be bad, but some percentage transcendent.
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