Unveiling the permanent sculpture Banca Rotta (Switzerland, 17th Century, oak) by artist duo Goldin + Senneby in the SSE library with a following presentation by professor Örjan Sjöberg
2017-10-18 at 17:00
2017-10-18 at 20:00
The table Banca Rotta is sprung from medieval Italy where it was among other things used for trading bonds and moneylending. When a trader became insolvent the person’s table was cut in half in order to manifest the default. The word bankrupt is derived from this name - Banca Rotta. This version of Banca Rotta is made especially for SSE Art Inititative and is not the same version previously shown at SSE in 2016.
In contrast to the systems of the time, today’s trading contains complex mathematical formulas which some would argue could be seen as the cause of the economical meltdown in Europe in 2008. The capital turnover in modern societies are dependent on these rapid and intricate transactions, steering the power of the economical development towards the hands of the banks. The historical background in Banca Rotta aims to facilitate the understanding of market situations, and remind the viewer of this power shift.
Goldin+Senneby has over the past ten years explored virtual worlds, offshore companies, withdrawal strategies, and subversive speculation in their work. In a unique and subtle way, they combine artistic practice, financial theory, and performative methods.
Örjan Sjöberg holds the chair in economic geography at the Stockholm School of Economics (SSE), and has a background in human geography, economics and area studies. I