Hot take on economics 

Hot take on economics 

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Hot take on economics 

Hot take on economics 

Hot take on economics 

Hot take on economics 

Hot take on economics 

Hot take on economics 

Hot take on economics 

Hot take on economics 

Hot take on economics 

Hot take on economics 

Hot take on economics 

@freakazoid So, dynamics can turn up in various forms. I've tried (unsuccessfully) to catalogue the in the past.

There's fiat or imposed value, as with coin. Also with transjurisdictional standards, such as divorce law and shipping registries ("flags of convenience"). Whatever the *minimum* acceptable *somewhere* is, is acceptable *everywhere*.

There's effective perceived value -- Mencken's "Brayard", or consumer technologies, or bicycles.

@o @woozle

1/

@freakazoid ... the transaction. Employers / clients have difficulty in assessing the quality of applicants / vendors. And applicants have difficulty in assessing the suitability or acceptability of employers or clients. This in a nutshell is why tech hiring sucks, why there's so much value signalling (high-prestige degrees, Big N employment history, personal recommendations). And everyone's unhappy.

Incidentally, *writing detailed technical content* is a signalling tool.

@o @woozle

3/

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