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 

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 Underlying quality is difficult to communicate, so some *quality indicator* is substituted. Accent. Vocabulary. Cultural myths. Clothing. Food. Table manners. Branding. Musical tastes. Books read. Schools attended. Management fads.

These signal *both* quality *and* group alignment -- and the wrong set can easily get you killed in many cases.

*Changing* signifiers is highly traumatic: culture wars and value shifts.

This also leads to cargo culting.

@o @woozle

6/

@dredmorbius @woozle @o These fall into a few different possibly overlapping categories: implicit bias, laziness or ignorance (because the information is available but people don't bother to look or don't know it's there), and places where it's genuinely hard to know, like interviewing and managing (though there's a lot we do know about management and interviewing so laziness and ignorance applies there).

...

@freakazoid Largely agreed, though I'll take exception to "laziness".

Case in point:my professional career as a sysadmin / data / ops / dev mutt. I've struggled to answer "what do you do", because much of it is a rather ill-defined "figuring out where the fucking plane is flying", where the plane isn't the system under my control, but the larger technical landscape.

What tools, methods, formats, applications, languages, devices, regulatory changes, market pressures, etc.,...

@o @woozle

1/

Follow

@freakazoid Cargo-culting is heuristics gone bad.

Though in many cases, with some luck, *it can actually work*, if the facsimile is sufficiently close to the original, and/or you happen to be opportunistically in the cargo stream.

Not always, but just by odds, a decent bet.

So: yes, there's laziness. But there's also too much to know.

And: in a prescientific culture, virtually all human practice was cargo-culting, generally following tradition or myth.

@o @woozle

7/end/

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