Market Cooling
Oil on Canvas
24" x 30"
The supply and demand diagram is typically viewed as a precise embodiment of economic reasoning.
The imprecision and roughness of the painting (contra De Stijl) challenges this formal view while simultaneously enquiring as to the nature of the various areas conventionally alluded to beneath the demand and supply schedules. The bleeding and blurring challenge the conventional representation.
The consumer surplus is Red. The producers expenses are blue. And the producer’s expenses, with its golden hue, captures the resources expended in production. The surrounding blue depicts the cool positive evaluation of economic surplus and a desire to avoid normative analysis. Maybe formal colour field.