Why is the euro so bland?
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0:01 - 0:02In this talk,
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0:02 - 0:06let's take a break from economics
and talk a little bit about aesthetics, -
0:06 - 0:07the aesthetics of the euro.
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0:07 - 0:09Why is the euro so bland?
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0:10 - 0:13Let's take a look at some
of the currencies that the euro replaced. -
0:14 - 0:19This beautiful note from Austria features
one of the founders of quantum physics, -
0:19 - 0:20Erwin Schrödinger.
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0:20 - 0:23Is Schrödinger's cat alive?
Or is Schrödinger's cat dead? -
0:23 - 0:24Very cool.
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0:26 - 0:29Here's a favorite of mine
because it features an economist, -
0:29 - 0:32the devastating critic of Karl Marx,
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0:32 - 0:34Eugen von Böhm-Bawerk.
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0:36 - 0:39One of the deutsche marks
featured Carl Gauss, -
0:39 - 0:43creator of the normal distribution,
also called the Gaussian distribution. -
0:44 - 0:45And look, there it is,
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0:45 - 0:47the Gaussian distribution.
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0:47 - 0:48Isn't that awesome?
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0:50 - 0:53And here, of course,
we have an Italian lira, -
0:53 - 0:54featuring, no surprise,
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0:54 - 0:56beautiful women.
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0:56 - 0:57Wonderful.
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0:59 - 1:01Now, let's compare it with the euro.
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1:01 - 1:03This is the 200 euro note.
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1:03 - 1:05I don't know. Is that a doorway?
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1:05 - 1:06Totally boring.
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1:06 - 1:08What else do we have?
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1:09 - 1:10Here's another euro note,
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1:10 - 1:12perhaps the most bland
and boring of them all. -
1:12 - 1:14Some kind of building on the front.
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1:14 - 1:16But this building could be anywhere.
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1:16 - 1:18And thus, it's really nowhere.
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1:19 - 1:22Notice, however, that the blandness,
the boringness of the euro, -
1:22 - 1:25this wasn't a design bug,
it was a design feature. -
1:25 - 1:28They didn't want to put Gauss on the euro
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1:28 - 1:32because Gauss was perceived
as a German, not as a European. -
1:32 - 1:35Thus, there was no common culture,
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1:35 - 1:37there was no common identity.
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1:37 - 1:40There was no common ideas
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1:40 - 1:43which the euro,
in its design, could express. -
1:43 - 1:45So, perhaps in aesthetics,
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1:45 - 1:46we have a little precursor,
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1:46 - 1:51a little prediction of some
of the economic problems of the euro. -
1:51 - 1:53Transcriber: Michel Smits
Reviewer: Maurício Kakuei Tanaka
- Title:
- Why is the euro so bland?
- Description:
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Why don't you see more faces on the bills?
The Eurozone Crisis course: http://mruniversity.com/courses/eurozone-crisis
Ask a question about the video: http://mruniversity.com/courses/eurozone-crisis/why-euro-so-bland#QandA
Next video: http://mruniversity.com/courses/eurozone-crisis/tyler-cowen-lecture-bruno-leoni-institute-optional
- Video Language:
- English
- Team:
- Marginal Revolution University
- Project:
- Other videos
- Duration:
- 02:02
Maurício Kakuei Tanaka edited English subtitles for Why is the euro so bland? | ||
Maurício Kakuei Tanaka edited English subtitles for Why is the euro so bland? | ||
Michel Smits edited English subtitles for Why is the euro so bland? | ||
Michel Smits edited English subtitles for Why is the euro so bland? | ||
Michel Smits edited English subtitles for Why is the euro so bland? |