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	<title>Comments for Rethinking Markets</title>
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	<link>http://www.rethinkingmarkets.org</link>
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		<title>Comment on Capitalist capture, objectivity, and blogs by (A lot of) Misc Links &#171; Code and Culture</title>
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		<dc:creator>(A lot of) Misc Links &#171; Code and Culture</dc:creator>
		<pubDate>Wed, 01 Sep 2010 08:23:27 +0000</pubDate>
		<guid isPermaLink="false">http://www.rethinkingmarkets.org/?p=1240#comment-1230</guid>
		<description>[...] Rethinking Markets has a good account of how the writers at Scienceblogs revolted when the site tried to create a nutrition blog brought to you by Pepsi (yes, really). Most people see this as a glass half empty thing in that structural factors such as dependence on revenue skewed science journalism to promote corporate interests. Myself, I see   the glass half full since labor went on strike when its professional ideology was threatened. More generally, the strength of the journalist ideology of &#8220;objectivity&#8221; is the main reason why I don&#8217;t believe in Marxist political economy, either structural or instrumental, about the mass media. I mean, how is the boss man supposed to exercise his theoretical power if every time he tries the journalists raise hell? In the long-run this could theoretically change, especially as the objectivity ideology is conspicuously weakening, but in the short to medium run I&#8217;m pretty confident about this. [...]</description>
		<content:encoded><![CDATA[<p>[...] Rethinking Markets has a good account of how the writers at Scienceblogs revolted when the site tried to create a nutrition blog brought to you by Pepsi (yes, really). Most people see this as a glass half empty thing in that structural factors such as dependence on revenue skewed science journalism to promote corporate interests. Myself, I see   the glass half full since labor went on strike when its professional ideology was threatened. More generally, the strength of the journalist ideology of &#8220;objectivity&#8221; is the main reason why I don&#8217;t believe in Marxist political economy, either structural or instrumental, about the mass media. I mean, how is the boss man supposed to exercise his theoretical power if every time he tries the journalists raise hell? In the long-run this could theoretically change, especially as the objectivity ideology is conspicuously weakening, but in the short to medium run I&#8217;m pretty confident about this. [...]</p>
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		<title>Comment on League of Discussion Awesomeness by Jenn</title>
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		<dc:creator>Jenn</dc:creator>
		<pubDate>Sat, 28 Aug 2010 00:23:32 +0000</pubDate>
		<guid isPermaLink="false">http://www.rethinkingmarkets.org/?p=1297#comment-1228</guid>
		<description>At the end of all this I&#039;m pretty curious about how it might turn out. And my comments were not actually criticisms per se, but responses to your final questions. Anyway, do it. Let me/us know how it goes.</description>
		<content:encoded><![CDATA[<p>At the end of all this I&#8217;m pretty curious about how it might turn out. And my comments were not actually criticisms per se, but responses to your final questions. Anyway, do it. Let me/us know how it goes.</p>
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		<title>Comment on League of Discussion Awesomeness by Peter</title>
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		<dc:creator>Peter</dc:creator>
		<pubDate>Fri, 27 Aug 2010 23:41:50 +0000</pubDate>
		<guid isPermaLink="false">http://www.rethinkingmarkets.org/?p=1297#comment-1227</guid>
		<description>I was going to call you a downer, but you make good points and I don&#039;t want to bury that. Though I have to admit that I was more enthusiastic about the idea before I posted about it.</description>
		<content:encoded><![CDATA[<p>I was going to call you a downer, but you make good points and I don&#8217;t want to bury that. Though I have to admit that I was more enthusiastic about the idea before I posted about it.</p>
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		<title>Comment on League of Discussion Awesomeness by Jenn</title>
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		<dc:creator>Jenn</dc:creator>
		<pubDate>Fri, 27 Aug 2010 22:56:47 +0000</pubDate>
		<guid isPermaLink="false">http://www.rethinkingmarkets.org/?p=1297#comment-1226</guid>
		<description>My goodness, who&#039;s cranky?</description>
		<content:encoded><![CDATA[<p>My goodness, who&#8217;s cranky?</p>
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		<title>Comment on League of Discussion Awesomeness by Jenn</title>
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		<dc:creator>Jenn</dc:creator>
		<pubDate>Fri, 27 Aug 2010 22:32:03 +0000</pubDate>
		<guid isPermaLink="false">http://www.rethinkingmarkets.org/?p=1297#comment-1225</guid>
		<description>&quot;In spirit of Pryor’s insight, which is that positive reinforcement works loads better than negative reinforcement, I don’t want to encourage face-to-face criticism.&quot;

Fair enough, but I can&#039;t say that I see fielding their criticisms of other students&#039; comments (in office hours, or whatnot) as &quot;positive reinforcement.&quot; Then again, I&#039;m sure you don&#039;t handle them that way.</description>
		<content:encoded><![CDATA[<p>&#8220;In spirit of Pryor’s insight, which is that positive reinforcement works loads better than negative reinforcement, I don’t want to encourage face-to-face criticism.&#8221;</p>
<p>Fair enough, but I can&#8217;t say that I see fielding their criticisms of other students&#8217; comments (in office hours, or whatnot) as &#8220;positive reinforcement.&#8221; Then again, I&#8217;m sure you don&#8217;t handle them that way.</p>
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		<title>Comment on League of Discussion Awesomeness by Peter</title>
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		<dc:creator>Peter</dc:creator>
		<pubDate>Fri, 27 Aug 2010 16:54:34 +0000</pubDate>
		<guid isPermaLink="false">http://www.rethinkingmarkets.org/?p=1297#comment-1224</guid>
		<description>I could make it not an either/or situation - students can always vote for awesome comment, but I will be able to add my own. I like the coinage/marker aspect, as it is an economy &amp; society class after all..maybe I can wind it into a later discussion about whether it&#039;s legit to purchase LoDA markers.

In spirit of Pryor&#039;s insight, which is that positive reinforcement works loads better than negative reinforcement, I don&#039;t want to encourage face-to-face criticism. 

What I originally liked was that you get a + button but not a - button. I&#039;m of course naively hoping that non-reinforced comments (which become by process of elimination just hot air) will whither on the vine. I think JL would (rightly) suggest that students who are hot-airing it up will be highly correlated with students who blissfully don&#039;t give a crap what other people think.</description>
		<content:encoded><![CDATA[<p>I could make it not an either/or situation &#8211; students can always vote for awesome comment, but I will be able to add my own. I like the coinage/marker aspect, as it is an economy &#038; society class after all..maybe I can wind it into a later discussion about whether it&#8217;s legit to purchase LoDA markers.</p>
<p>In spirit of Pryor&#8217;s insight, which is that positive reinforcement works loads better than negative reinforcement, I don&#8217;t want to encourage face-to-face criticism. </p>
<p>What I originally liked was that you get a + button but not a &#8211; button. I&#8217;m of course naively hoping that non-reinforced comments (which become by process of elimination just hot air) will whither on the vine. I think JL would (rightly) suggest that students who are hot-airing it up will be highly correlated with students who blissfully don&#8217;t give a crap what other people think.</p>
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		<title>Comment on League of Discussion Awesomeness by Angie</title>
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		<dc:creator>Angie</dc:creator>
		<pubDate>Fri, 27 Aug 2010 15:38:06 +0000</pubDate>
		<guid isPermaLink="false">http://www.rethinkingmarkets.org/?p=1297#comment-1223</guid>
		<description>Jenn&#039;s criticisms resonate. But I like the LoDA. Perhaps you should have LoDA coins, that you can hand out with a flourish whenever someone contributes something LoDA worthy. Then keep a ledger. They can purchase entry in the society when they have sufficient funds. Extra funds could be use to barter a skip day, perhaps.</description>
		<content:encoded><![CDATA[<p>Jenn&#8217;s criticisms resonate. But I like the LoDA. Perhaps you should have LoDA coins, that you can hand out with a flourish whenever someone contributes something LoDA worthy. Then keep a ledger. They can purchase entry in the society when they have sufficient funds. Extra funds could be use to barter a skip day, perhaps.</p>
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		<title>Comment on League of Discussion Awesomeness by Jenn</title>
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		<dc:creator>Jenn</dc:creator>
		<pubDate>Fri, 27 Aug 2010 14:09:40 +0000</pubDate>
		<guid isPermaLink="false">http://www.rethinkingmarkets.org/?p=1297#comment-1222</guid>
		<description>I think it is hard to gauge with such precision a &quot;good&quot; conversation, especially considering the confluence of pressure--from students and their back-channel criticisms of one another, from the administration, and from one&#039;s ego-desire to feel accomplished in orchestrating class. 

I don&#039;t see that the LoDA mitigates these pressures, except for the last, perhaps. 

In your place, I&#039;d be more likely to (1) encourage students to reprimand one another in class (i.e., face-to-face) for substance-less comments, rather than gossip to you (in part because I feel collegial disagreement is a skill they can learn in our classrooms--and should), and (2) switch around my own teaching style to try out other question formats, exercises, etc. 

I also don&#039;t feel like the students are the most qualified person in the room to gauge the quality of their peers&#039; comments. I am. 

So, my response sounds a lot more like a contrast in pedagogical styles than a criticism of your idea, as such.</description>
		<content:encoded><![CDATA[<p>I think it is hard to gauge with such precision a &#8220;good&#8221; conversation, especially considering the confluence of pressure&#8211;from students and their back-channel criticisms of one another, from the administration, and from one&#8217;s ego-desire to feel accomplished in orchestrating class. </p>
<p>I don&#8217;t see that the LoDA mitigates these pressures, except for the last, perhaps. </p>
<p>In your place, I&#8217;d be more likely to (1) encourage students to reprimand one another in class (i.e., face-to-face) for substance-less comments, rather than gossip to you (in part because I feel collegial disagreement is a skill they can learn in our classrooms&#8211;and should), and (2) switch around my own teaching style to try out other question formats, exercises, etc. </p>
<p>I also don&#8217;t feel like the students are the most qualified person in the room to gauge the quality of their peers&#8217; comments. I am. </p>
<p>So, my response sounds a lot more like a contrast in pedagogical styles than a criticism of your idea, as such.</p>
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		<title>Comment on League of Discussion Awesomeness by Peter</title>
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		<dc:creator>Peter</dc:creator>
		<pubDate>Fri, 27 Aug 2010 13:53:45 +0000</pubDate>
		<guid isPermaLink="false">http://www.rethinkingmarkets.org/?p=1297#comment-1221</guid>
		<description>The collusion is a good one, though I have a hard time thinking that the students are that sophisticated about it. 

I am worried a lot about that personal charisma problem - that voting would be governed by status/charisma. On the other hand, I get enough private-channel commentary that some students monopolize conversation with inane comments, so I&#039;m curious how that would work. 

In my head, I picture discussion going as normal, and my noticing when 3 or 5 or 10 students make a gesture at the same time - I can even flourish it, to make the incentives clear. 

If it gets to a formal, close-balloted system, I have already lost. I&#039;m unwilling to put the time into monitoring that.

So you have nothing positive to recommend my experiment then? I&#039;m worried that it just seems to you like a series of semi-predictable problems..I thought it was a clever idea.</description>
		<content:encoded><![CDATA[<p>The collusion is a good one, though I have a hard time thinking that the students are that sophisticated about it. </p>
<p>I am worried a lot about that personal charisma problem &#8211; that voting would be governed by status/charisma. On the other hand, I get enough private-channel commentary that some students monopolize conversation with inane comments, so I&#8217;m curious how that would work. </p>
<p>In my head, I picture discussion going as normal, and my noticing when 3 or 5 or 10 students make a gesture at the same time &#8211; I can even flourish it, to make the incentives clear. </p>
<p>If it gets to a formal, close-balloted system, I have already lost. I&#8217;m unwilling to put the time into monitoring that.</p>
<p>So you have nothing positive to recommend my experiment then? I&#8217;m worried that it just seems to you like a series of semi-predictable problems..I thought it was a clever idea.</p>
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		<title>Comment on League of Discussion Awesomeness by Jenn</title>
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		<dc:creator>Jenn</dc:creator>
		<pubDate>Fri, 27 Aug 2010 13:36:17 +0000</pubDate>
		<guid isPermaLink="false">http://www.rethinkingmarkets.org/?p=1297#comment-1220</guid>
		<description>Formal or informal collusion where groups of students vote undiscerningly for all members. 

The possibility of personal charisma or social status governing the voting system. Since often-speaking people tend to have these qualities, the censure you envision may not happen.

If voting were closed-ballot perhaps you could manage these more effectively, although you&#039;d have to find a way to get feedback returned to students so they can self-monitor.</description>
		<content:encoded><![CDATA[<p>Formal or informal collusion where groups of students vote undiscerningly for all members. </p>
<p>The possibility of personal charisma or social status governing the voting system. Since often-speaking people tend to have these qualities, the censure you envision may not happen.</p>
<p>If voting were closed-ballot perhaps you could manage these more effectively, although you&#8217;d have to find a way to get feedback returned to students so they can self-monitor.</p>
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		<title>Comment on Peggy rocks my world by Peter</title>
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		<dc:creator>Peter</dc:creator>
		<pubDate>Fri, 20 Aug 2010 10:52:24 +0000</pubDate>
		<guid isPermaLink="false">http://www.rethinkingmarkets.org/?p=1292#comment-1216</guid>
		<description>I thought the &#039;he&#039;s renting&#039; was a bit too clever (I almost said the same thing in my head when girlie said he doesn&#039;t own it). But I could just watch that party scene and Pete with his father-in-law (both at the bar and at dinner) over and over. There is so much goodness happening there.

But that scene with her poking her head over the partition is magic.</description>
		<content:encoded><![CDATA[<p>I thought the &#8216;he&#8217;s renting&#8217; was a bit too clever (I almost said the same thing in my head when girlie said he doesn&#8217;t own it). But I could just watch that party scene and Pete with his father-in-law (both at the bar and at dinner) over and over. There is so much goodness happening there.</p>
<p>But that scene with her poking her head over the partition is magic.</p>
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		<title>Comment on Peggy rocks my world by Jenn</title>
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		<dc:creator>Jenn</dc:creator>
		<pubDate>Fri, 20 Aug 2010 02:34:19 +0000</pubDate>
		<guid isPermaLink="false">http://www.rethinkingmarkets.org/?p=1292#comment-1215</guid>
		<description>I love how Peggy is so freakin&#039; groovy these days. Pot? Lesbians? Yes, please.

Did you get pears?</description>
		<content:encoded><![CDATA[<p>I love how Peggy is so freakin&#8217; groovy these days. Pot? Lesbians? Yes, please.</p>
<p>Did you get pears?</p>
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		<title>Comment on Peggy rocks my world by brayden</title>
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		<dc:creator>brayden</dc:creator>
		<pubDate>Thu, 19 Aug 2010 15:16:58 +0000</pubDate>
		<guid isPermaLink="false">http://www.rethinkingmarkets.org/?p=1292#comment-1214</guid>
		<description>Big laughs in the King house. Love that show!</description>
		<content:encoded><![CDATA[<p>Big laughs in the King house. Love that show!</p>
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		<title>Comment on love it by Jenn</title>
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		<dc:creator>Jenn</dc:creator>
		<pubDate>Thu, 29 Jul 2010 21:18:48 +0000</pubDate>
		<guid isPermaLink="false">http://www.rethinkingmarkets.org/?p=1264#comment-1207</guid>
		<description>A slow thread on love is apparently the one thing that will distract me from killing the spiders on my porch whilst they are still drunk with the mid-day heat. 

Way too many songs, movies, books, and comedic routines to mention, but&quot;Signed, Sealed, Delivered&quot; and &quot;Tell Me Something Good&quot; (preferably the live version where Chaka is still playing with Rufus)--these almost always make me happy. 

Rain. 

Unexpected mail from someone who means me no harm.

Videos of cats falling off of things. Videos of animals sleeping. Videos of animals dressed as people. 

Cleaning something dirty, straightening something crooked.

When my mother strokes my hair.

Revenge, served cold.

Not worrying about paying my bills.</description>
		<content:encoded><![CDATA[<p>A slow thread on love is apparently the one thing that will distract me from killing the spiders on my porch whilst they are still drunk with the mid-day heat. </p>
<p>Way too many songs, movies, books, and comedic routines to mention, but&#8221;Signed, Sealed, Delivered&#8221; and &#8220;Tell Me Something Good&#8221; (preferably the live version where Chaka is still playing with Rufus)&#8211;these almost always make me happy. </p>
<p>Rain. </p>
<p>Unexpected mail from someone who means me no harm.</p>
<p>Videos of cats falling off of things. Videos of animals sleeping. Videos of animals dressed as people. </p>
<p>Cleaning something dirty, straightening something crooked.</p>
<p>When my mother strokes my hair.</p>
<p>Revenge, served cold.</p>
<p>Not worrying about paying my bills.</p>
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		<title>Comment on love it by Dan Hirschman</title>
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		<dc:creator>Dan Hirschman</dc:creator>
		<pubDate>Tue, 27 Jul 2010 12:45:53 +0000</pubDate>
		<guid isPermaLink="false">http://www.rethinkingmarkets.org/?p=1264#comment-1204</guid>
		<description>I love when people whose blogs I read like the same (semi)obscure things as me - in this case, Eddie from Ohio! (Especially &quot;Looking out the Fishbowl&quot;.) 

Also, fresh-baked Challah, the thrill of a new book arriving in the mail, reading and re-reading stories by Jorge Luis Borges, and the smell of a new book bought from the store.

And to steal one of yours, the unbridled enthusiasm bit is really amazing.</description>
		<content:encoded><![CDATA[<p>I love when people whose blogs I read like the same (semi)obscure things as me &#8211; in this case, Eddie from Ohio! (Especially &#8220;Looking out the Fishbowl&#8221;.) </p>
<p>Also, fresh-baked Challah, the thrill of a new book arriving in the mail, reading and re-reading stories by Jorge Luis Borges, and the smell of a new book bought from the store.</p>
<p>And to steal one of yours, the unbridled enthusiasm bit is really amazing.</p>
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		<title>Comment on love it by Quote of the Day &#8211; Peter Levine &#124; The Global Sociology Blog</title>
		<link>http://markets.ericaandpeter.com/feeder/?FeederAction=clicked&amp;feed=Comments+%28RSS2%29&amp;seed=http%3A%2F%2Fwww.rethinkingmarkets.org%2F2010%2F07%2F26%2Flove-it.html%23comment-1203&amp;seed_title=love+it/comment-page-1#comment-1203</link>
		<dc:creator>Quote of the Day &#8211; Peter Levine &#124; The Global Sociology Blog</dc:creator>
		<pubDate>Tue, 27 Jul 2010 03:19:23 +0000</pubDate>
		<guid isPermaLink="false">http://www.rethinkingmarkets.org/?p=1264#comment-1203</guid>
		<description>[...] might want to subscribe to the RSS feed for updates on this topic.Powered by Greet BoxOn things he appreciates and/or loves: &#8220;Structure. Agency is for psychologists, economists, and suckers. Give me structure any [...]</description>
		<content:encoded><![CDATA[<p>[...] might want to subscribe to the RSS feed for updates on this topic.Powered by Greet BoxOn things he appreciates and/or loves: &#8220;Structure. Agency is for psychologists, economists, and suckers. Give me structure any [...]</p>
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		<title>Comment on Capitalist capture, objectivity, and blogs by Peter</title>
		<link>http://markets.ericaandpeter.com/feeder/?FeederAction=clicked&amp;feed=Comments+%28RSS2%29&amp;seed=http%3A%2F%2Fwww.rethinkingmarkets.org%2F2010%2F07%2F21%2Fcapitalist-capture-objectivity-and-blogs.html%23comment-1202&amp;seed_title=Capitalist+capture%2C+objectivity%2C+and+blogs/comment-page-1#comment-1202</link>
		<dc:creator>Peter</dc:creator>
		<pubDate>Sun, 25 Jul 2010 14:38:27 +0000</pubDate>
		<guid isPermaLink="false">http://www.rethinkingmarkets.org/?p=1240#comment-1202</guid>
		<description>Yes, it&#039;s certainly possible. Truth is, I often find myself critical of the Apple marketing machine much more so than their products (of which I have many). So I&#039;m not just saying that anything pro-Apple (or any big bad company) is necessarily a problem.

The problem is that leaning on bloggers who cover these products is a natural extension of leaning on analysts who cover your company, reporters who cover your candidate, etc. Gruber is pretty up-front about his love (and sometimes not, but mostly love) of Apple, and his disdain (and sometimes praise, but mostly disdain) for other products.

But he sure does know it&#039;s a problem (e.g., this &lt;a href=&quot;http://daringfireball.net/2010/07/lyons&quot; rel=&quot;nofollow&quot;&gt;jokey payola post&lt;/a&gt;). 

Maybe I&#039;m just being grumpy, and maybe this is the same shit as anywhere else, academia included. I mean, what else is &lt;a href=&quot;http://orgtheory.wordpress.com/2006/08/03/pushing-your-cookie-vs-theoretical-prostitution/ rel=&quot;nofollow&quot;&gt;pushing your cookie&lt;/a&gt; after all?</description>
		<content:encoded><![CDATA[<p>Yes, it&#8217;s certainly possible. Truth is, I often find myself critical of the Apple marketing machine much more so than their products (of which I have many). So I&#8217;m not just saying that anything pro-Apple (or any big bad company) is necessarily a problem.</p>
<p>The problem is that leaning on bloggers who cover these products is a natural extension of leaning on analysts who cover your company, reporters who cover your candidate, etc. Gruber is pretty up-front about his love (and sometimes not, but mostly love) of Apple, and his disdain (and sometimes praise, but mostly disdain) for other products.</p>
<p>But he sure does know it&#8217;s a problem (e.g., this <a href="http://daringfireball.net/2010/07/lyons" rel="nofollow">jokey payola post</a>). </p>
<p>Maybe I&#8217;m just being grumpy, and maybe this is the same shit as anywhere else, academia included. I mean, what else is <a href="http://orgtheory.wordpress.com/2006/08/03/pushing-your-cookie-vs-theoretical-prostitution/ rel="nofollow">pushing your cookie</a> after all?</p>
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		<title>Comment on Capitalist capture, objectivity, and blogs by Dan Hirschman</title>
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		<dc:creator>Dan Hirschman</dc:creator>
		<pubDate>Sun, 25 Jul 2010 12:08:33 +0000</pubDate>
		<guid isPermaLink="false">http://www.rethinkingmarkets.org/?p=1240#comment-1201</guid>
		<description>I completely agree with the overall description of the problem, and that it&#039;s likely to get worse before it gets better. With regards to Gruber though, I&#039;m a little more skeptical. You&#039;re arguing that Gruber adopted Apple&#039;s frame for the event (&quot;weak spot&quot; on an otherwise great phone) rather than the previously dominant frame in the media (&quot;design flaw&quot;) and that this adoption is evidence that Gruber has been &quot;co-opted&quot;. Given that Gruber describes in detail both his links to Apple, and also that the language he is choosing is Apple&#039;s rather than the previously dominant one, isn&#039;t it possible that this is a case where he was honestly convinced that the flaw wasn&#039;t a big one and deserved the label &quot;weak spot&quot;? I&#039;ve never read his blog before, so I am not basing this comment on anything other than what you&#039;ve posted here, but the example doesn&#039;t seem like a strong one (although I basically already agree with the trend you are signaling). Doesn&#039;t being an unbiased observer imply you sometimes might agree with the big bad company (and disagree with the reporters mostly working for other big bad companies)? It seems like sorting the two kinds of cases would be difficult sometimes, and this feels like one of those times.</description>
		<content:encoded><![CDATA[<p>I completely agree with the overall description of the problem, and that it&#8217;s likely to get worse before it gets better. With regards to Gruber though, I&#8217;m a little more skeptical. You&#8217;re arguing that Gruber adopted Apple&#8217;s frame for the event (&#8220;weak spot&#8221; on an otherwise great phone) rather than the previously dominant frame in the media (&#8220;design flaw&#8221;) and that this adoption is evidence that Gruber has been &#8220;co-opted&#8221;. Given that Gruber describes in detail both his links to Apple, and also that the language he is choosing is Apple&#8217;s rather than the previously dominant one, isn&#8217;t it possible that this is a case where he was honestly convinced that the flaw wasn&#8217;t a big one and deserved the label &#8220;weak spot&#8221;? I&#8217;ve never read his blog before, so I am not basing this comment on anything other than what you&#8217;ve posted here, but the example doesn&#8217;t seem like a strong one (although I basically already agree with the trend you are signaling). Doesn&#8217;t being an unbiased observer imply you sometimes might agree with the big bad company (and disagree with the reporters mostly working for other big bad companies)? It seems like sorting the two kinds of cases would be difficult sometimes, and this feels like one of those times.</p>
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		<title>Comment on Performativ&#8230;stupidity, ATP Oil &amp; Gas edition by Peter</title>
		<link>http://markets.ericaandpeter.com/feeder/?FeederAction=clicked&amp;feed=Comments+%28RSS2%29&amp;seed=http%3A%2F%2Fwww.rethinkingmarkets.org%2F2010%2F07%2F22%2Fperformativ-stupidity-atp-oil-gas-edition.html%23comment-1200&amp;seed_title=Performativ%26%238230%3Bstupidity%2C+ATP+Oil+%26amp%3B+Gas+edition/comment-page-1#comment-1200</link>
		<dc:creator>Peter</dc:creator>
		<pubDate>Thu, 22 Jul 2010 17:39:08 +0000</pubDate>
		<guid isPermaLink="false">http://www.rethinkingmarkets.org/?p=1251#comment-1200</guid>
		<description>Yes, I&#039;m of two minds about that quality - these charts so often seem to be of the snap-back variety. It gives the impression that the events are anomalies, which is comforting. It says less about whether the events are borderline permanent structural calamities. 

In fact, I expected the SEC-CFTC report about the flash-crash to pop up a &#039;fat fingers&#039; explanation (that someone pushed the wrong button). But no, it really does seem that the current techno-system is permanently on the brink of structural rollercoaster. 

I mean, could you imagine buying shares of the &lt;a href=&quot;http://www.businessweek.com/news/2010-07-19/barclays-lists-etn-that-rises-when-vix-declines.html&quot; rel=&quot;nofollow&quot;&gt;inverse S&amp;P 500 VIX&lt;/a&gt; fund? I mean, holy mother, who is going to buy shares of an index that rises as short-term market volatility falls?</description>
		<content:encoded><![CDATA[<p>Yes, I&#8217;m of two minds about that quality &#8211; these charts so often seem to be of the snap-back variety. It gives the impression that the events are anomalies, which is comforting. It says less about whether the events are borderline permanent structural calamities. </p>
<p>In fact, I expected the SEC-CFTC report about the flash-crash to pop up a &#8216;fat fingers&#8217; explanation (that someone pushed the wrong button). But no, it really does seem that the current techno-system is permanently on the brink of structural rollercoaster. </p>
<p>I mean, could you imagine buying shares of the <a href="http://www.businessweek.com/news/2010-07-19/barclays-lists-etn-that-rises-when-vix-declines.html" rel="nofollow">inverse S&#038;P 500 VIX</a> fund? I mean, holy mother, who is going to buy shares of an index that rises as short-term market volatility falls?</p>
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		<title>Comment on Performativ&#8230;stupidity, ATP Oil &amp; Gas edition by brayden</title>
		<link>http://markets.ericaandpeter.com/feeder/?FeederAction=clicked&amp;feed=Comments+%28RSS2%29&amp;seed=http%3A%2F%2Fwww.rethinkingmarkets.org%2F2010%2F07%2F22%2Fperformativ-stupidity-atp-oil-gas-edition.html%23comment-1199&amp;seed_title=Performativ%26%238230%3Bstupidity%2C+ATP+Oil+%26amp%3B+Gas+edition/comment-page-1#comment-1199</link>
		<dc:creator>brayden</dc:creator>
		<pubDate>Thu, 22 Jul 2010 15:03:19 +0000</pubDate>
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		<description>Nice post, the title made me laugh!

I think the part about tight coupling is really important. What&#039;s interesting to me is that the market corrected itself as suddenly as it blew a hole in the stock price to begin with.</description>
		<content:encoded><![CDATA[<p>Nice post, the title made me laugh!</p>
<p>I think the part about tight coupling is really important. What&#8217;s interesting to me is that the market corrected itself as suddenly as it blew a hole in the stock price to begin with.</p>
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