Installation: THE MARKET
September 8, 2013 § Leave a comment
Gallery of Photography, Dublin 24 August – 1 october 2013
The image above of part of the installation titled The Normalisation of Deviance shows Spectrograms, a moving visual representation of the soundscape of the installation. The soundscape has been generated through the data generated through the use of an algorithm to identify how often the Irish Minister for Finance has used the word Market or Markets in his public speeches since taking office.
Belfast Exposed 29 August – 11 October
The installation is similarly framed by the soundscape generated through the data generated by an algorithm identifying the application of the words Market or Markets by the British Chancellor of the Exchequer in his public speeches since taking office.
The installation image below shows the 6 feet high stack of A4 paper also titled The Normalisation of Deviance as part of the installation. This equates to the findings by a Chicago-based researcher of the number of global positions taken through the use of algorithms on one stock in one nanosecond. The total was 14,000 and equates to this amount of paper if this data was printed out. On the pages facing up is the quote:
…what people don’t understand… is that what happens in the market is pivotal to their lives… not on the periphery…but slap, bang, in the middle…
(From telephone conversation with trader, name withheld, Dealing Room, Investment Bank, London, February 2013