This is a bit like 'ideal communism'. The prestige economy can be easily hijacked by 'defectors' or 'secret operators'. If you look closely at 'publish or perish' science you can see what happens.
If you look in a semi-public corporation you can find people who are really good at sucking in credit, being, essentially, highly efficient weasels (my place!).
If you could arrange a perfect market where everything is transparent, then it could work. But the people operating the market could turn out to be weasels, and start selectively masking out information on their weasel-friends. Think of the New York Stock Exchange!
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Posted by: SarsSmarz on June 06, 2004 11:21 AMIf you look in a semi-public corporation you can find people who are really good at sucking in credit, being, essentially, highly efficient weasels (my place!).
If you could arrange a perfect market where everything is transparent, then it could work. But the people operating the market could turn out to be weasels, and start selectively masking out information on their weasel-friends. Think of the New York Stock Exchange!
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