Word: 1960s
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Your book ends with the 1960s. Where do you think music is headed in the future? I don't know where it is now, and neither does anybody else. Somebody just told me that he had been to a record store in Boston where they have a section of music records from video games. The way you find Aerosmith is by playing Rock Band. If that's the world we're living in right now, none of us can guess what's going to happen next...
Kodachrome's popularity peaked in the 1960s and '70s, when Americans' urge to catalog every single holiday, family vacation and birthday celebration hit its stride. Kodachrome II, a faster, more versatile version of the film, came out in 1961, making it even more appealing to the point-and-shoot generation. Super 8, a low-speed fine-grain Kodachrome movie film, was released in 1965 - and was used to film seemingly every wedding, beach holiday and backyard barbecue for the next decade. (Aficionados can check out the opening credits of the '80s coming-of-age drama The Wonder Years...
...strands of statistics and pro-market ideology came together in the mid-1960s. It was the great MIT economist Paul Samuelson who made the case mathematically that a rational market would be a random one. But Samuelson didn't share Friedman's political views, and he never claimed that actual markets met this ideal. It was at Chicago that a group of students and young faculty members influenced by Friedman's ideas began to make the case that the U.S. stock market, at least, was what they called "efficient...
...authored a series of academic papers showing how their errors could move prices) and lamented at the 1984 meeting of the American Finance Association that "virtually no mainstream research in the field of finance in the past decade has attempted to account for the stock-market boom of the 1960s or the spectacular decline in real stock prices during the mid-1970s...
Amsterdam was a hotbed of conceptual art in the 1960s and '70s. In its damp studios and fetid cafés, artists from dozens of countries came together in the belief that the ideas behind a work were more important than the work itself. (See Time.com/Travel for city guides, stories and advice...