- February 13th - 28th, 2014
- Second Thursday Reception: February 13th, 6 - 9pm
- Gallery 101
- Hours: Wednesday - Saturday 12 - 6pm
- Free And Open To The Public
INFINITY is the ENEMY, is presented by artist and author t.Rutt, whose name pays homage to Duchamp’s R.Mutt signature on his famous Fountain. The more than 60 art works in the show put forth a direct challenge to several core assumptions that have driven economic and financial theory for the last 40 years. The art show dovetails with t.Rutt’s book, INFINITY is the ENEMY, which questions Wall Street’s use of physics in finance. The book and art show share the title INFINITY is the ENEMY to highlight t.Rutt’s protest of the use of infinite time in the world’s most influential financial models, especially those used for the pricing of financial derivatives.
t.Rutt mixes notions of infinity with imagery from the academic papers that used infinite time when injecting physics into financial theory in 1973. Using a broad array of objects – including Duchampian toilet seats, French firemen’s jackets, and Tesla automobiles – t.Rutt highlights the destabilizing effect that the $750 trillion market for complex derivatives has had on the accuracy and reliability of all financial markets. t.Rutt’s intervention on Tesla automobiles is titled Bad Physics on Good Physics. It applauds Tesla’s use of good physics to solve a large physical problem, and condemns the bad physics of Wall Street that has created a large financial problem. t.Rutt believes that financial markets must move away from complex physics-based models and re-embrace the uniquely human ability of markets to discover and create healthy financial prices. Given how the Bitcoin market has highlighted the importance of rigorous price discovery for financial assets, t.Rutt will be the first art exhibition in Philadelphia to accept payment in both dollars and Bitcoin. In addition, t.Rutt is offering a $20,000 prize to anyone who can prove or disprove whether physics or infinite time can possibly exist or be relevant in financial theory.
The artist and author studied at the London School of Economics and earned a graduate degree from Princeton University. The ebook, INFINITY is the ENEMY is available exclusively online.