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BruceMcF:
institutions as far back as our history stretches, the idea that Peer to Peer networks will eliminate regular habits of behavior and suddenly people will start making conscious decisions for each and every one of their actions, a la neoclassical fantasy economics, is just an outlandish claim.

..and it's not a claim I'm making.

BruceMcF:

Maybe you are reading "institutions" in a derivative sense, rather than its fundamental sense?

Possibly.

"The future is already here -- it's just not very evenly distributed" William Gibson

by ChrisCook (cojockathotmaildotcom) on Sun Feb 22nd, 2009 at 04:16:38 PM EST
[ Parent ]
... institutions in the fundamental sense ... the sense of the definition that I gave at the front of my comment ... is that you say:
I see no future for institutions or organisations in the emerging post-Internet "Peer to Peer" economy. I see the future in networked self organisation within consensually negotiated legal framework agreements.

Since a legal framework is a formal institution, supported by informal institutions, and consensual negotiations rest in part on informal institutions, often supported by formal institutions, this is saying there is no role for social institutions because the future will be dominated by activity in the context of a named list of social institutions.


I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Sun Feb 22nd, 2009 at 04:34:42 PM EST
[ Parent ]
Well I'll stick to "organisations" in future if that is how "institutions" are to be defined.

"The future is already here -- it's just not very evenly distributed" William Gibson
by ChrisCook (cojockathotmaildotcom) on Sun Feb 22nd, 2009 at 04:37:08 PM EST
[ Parent ]
... themselves "institutions" because it sounds so much more august, but social institutions are the regular patterns of social behaviour combined with the folkviews of participants regarding those patterns of behaviour.

Financial enterprises may be more to the point ... there will be going concerns engaged in providing the peer to peer networks, but under your thesis, they will finding ways to make money off of the communications traffic they generate, rather than from taking a financial stake in the process of extending credit, so they would not be financial enterprises as such.


I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Sun Feb 22nd, 2009 at 04:46:54 PM EST
[ Parent ]

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