Friday, December 12, 2008

Bartolomeo Cristofori


Bartolomeo Cristofori (1665-1731) is regarded as the inventor of the Piano. Cristofori's invention - derived from the harpsichord - throughout history, has been a staple in the world of music and musical instruments. His contribution to society nearly unmeasurable when we consider the wealth created from this single invention - from musical careers to manufacturing and beyond.

Today I'd like to detour from simply honoring Bartolomeo Cristofori's invention and his contribution to creating industry and prosperity, and focus instead on the wealth of knowledge surrounding the piano industry and what we can learn from it today.

Yesterday, while scanning my usual list of daily blog articles, I came across a particular discussion at Mises.org I thought I should share here at HOC. The article, The end of the U.S. Piano Industry, I think, is a very good analysis of industry cycle in the U.S.. In today's world of bailouts and increasing government oversight (car czars, etc.) the author, Jeffrey Tucker, highlights an idea that I think is very important we understand - that is, these things happen, industries fall and new industries emerge - never-ending success is no guarantee. Mr. Tucker makes a very nice connection between the U.S. piano industry and today's car industry.

View the article here.


Sources:

About.com
Wikipedia
www.8notes.com (picture)
Mises.org