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vgr's profile
Venkatesh Rao
Venkatesh Rao
Venkatesh Rao
@vgr

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Venkatesh Rao

@vgr

This is my conversational account. For my work follow @ribbonfarm, @breaking_smart, @artofgig. Tweets are 90% vacuous views, apathetically held. Mediocritopian.

Los Angeles, CA
venkateshrao.com
Joined August 2007

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    Venkatesh Rao‏ @vgr 5 May 2019
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    Venkatesh Rao Retweeted Venkatesh Rao

    I think there's an important thought here. We tend to treat "markets" as a human cognitive universal like math or chomskyean grammar. The more I learn, the more they seem a contingent institution like say the catholic church.https://twitter.com/vgr/status/1125109353340555264 …

    Venkatesh Rao added,

    Venkatesh Rao @vgr
    Random snippet I emailed myself a few months ago that I don't know what to do with. --- Markets as culturally contingent phenomena rather than fundamental “Distortion” as the actual information content “Post-European” markets, just like post-Westphalian End of history alt
    11:53 AM - 5 May 2019
    • 5 Retweets
    • 35 Likes
    • David strangeattractor kenshō Slava Balasanov Tionte Adam James Baker is having you a major user experience right now Dave Crossland
    10 replies 5 retweets 35 likes
      1. zbracisz‏ @zacbracz 5 May 2019
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        Replying to @vgr

        uhh, yeah, there were a few hundred thousand years of human history before there were anything like markets. gift and barter economies for most of it. if you actually have to work to overcome the 'market as default' thought, just shows how much koolaid you've consumed.

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      1. Dorian Taylor‏ @doriantaylor 5 May 2019
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        Replying to @vgr

        you need a lot of consensus (and a lot of infrastructure) before you can have anything called a "market"

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      1. Curt Doolittle‏ @curtdoolittle 5 May 2019
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        Replying to @vgr

        I would have to understand that with a bit more clarity. Markets are created by use of law to suppress involuntary transfers across the spectrum from the most obviously physical to the most abstractly normative as to decrease costs. (Barter(goods),Trade (money), Markets (prices))

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      1. Maynard Handley‏ @handleym99 5 May 2019
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        Replying to @vgr

        Who's "we", white man? There are at least a few of us who consider economism to be our time's equivalent of medieval christianity, the water we swim in so few even know it is there. Discussed this w/ my brother as we walked through the Getty Museum looking at that art+worldview.

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      2. Danger & Cuddlekins‏ @Chiliandgarlic 5 May 2019
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        Replying to @vgr

        I think that blog post/essay you shared Friday was about this?

        1 reply 0 retweets 0 likes
      3. Danger & Cuddlekins‏ @Chiliandgarlic 5 May 2019
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        Replying to @Chiliandgarlic @vgr

        Among other things, anyway.

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      4. End of conversation
      1.  🙂‏ @079ue76l2mz1p8 5 May 2019
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        Replying to @vgr

        Max Weber

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      2. |pneumatik|‏ @pneumatik 5 May 2019
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        Replying to @vgr

        If you allow people to trade social importance and socially-defined obligations, then markets are probably really old. Money-and-contract markets are probably also old but limited in scope. Maybe cash money and markets need each other.

        1 reply 0 retweets 0 likes
      3. Curt Doolittle‏ @curtdoolittle 5 May 2019
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        Replying to @pneumatik @vgr

        Exchange is as old as any record. local barter about the same. trade (production on speculation) prehistoric. markets (production on speculation using imputed prices) as early as civilization (cities).

        1 reply 0 retweets 0 likes
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      1. Curt Doolittle‏ @curtdoolittle 5 May 2019
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        Replying to @vgr

        So in the sense you mean math (positional naming for scale independent measurement), or the grammar facility (continuous recursive disambiguation), exchange is a facility like grammar. But yes, markets are an institutional byproduct of continuous suppression of criminality.

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