This was the last winner of the Moveon.org participatory ad contest.
Monthly Archives: March 2008
So, a new edition of Organizations:Rational, Natural, and Open Systems by W. Richard Scott is out. Its co-authored by Gerry Davis (Who was a student of Scott’s at Stanford, apparently) and has a newer, more active title (stamp out nouns!). This book was an absolute classic for me doing my PhD at IESE. It also helped me bridge sociology and management. So, like the priests we are, it is good to turn back to the canon and see what is there.
I wanted to see if it is worth reading/buying the new version. A quick comparison of the two tables of contents reveals that some major changes were made. After Break for table.
A good and brief description of how the housing boom, deregulation, CDOs, and market ideology led us into this mess…
Can’t Grasp Credit Crisis? Join the Club – New York Times
Because these loans go to people stretching to afford a house, they come with higher interest rates — even if they’re disguised by low initial rates — and thus higher returns. The mortgages were then sliced into pieces and bundled into investments, often known as collateralized debt obligations, or C.D.O.’s (a term that appeared in this newspaper only three times before 2005, but almost every week since last summer). Once bundled, different types of mortgages could be sold to different groups of investors.
Investors then goosed their returns through leverage, the oldest strategy around. They made $100 million bets with only $1 million of their own money and $99 million in debt. If the value of the investment rose to just $101 million, the investors would double their money. Home buyers did the same thing, by putting little money down on new houses, notes Mark Zandi of Moody’s Economy.com. The Fed under Alan Greenspan helped make it all possible, sharply reducing interest rates, to prevent a double-dip recession after the technology bust of 2000, and then keeping them low for several years.
All these investments, of course, were highly risky. Higher returns almost always come with greater risk. But people — by “people,” I’m referring here to Mr. Greenspan, Mr. Bernanke, the top executives of almost every Wall Street firm and a majority of American homeowners — decided that the usual rules didn’t apply because home prices nationwide had never fallen before. Based on that idea, prices rose ever higher — so high, says Robert Barbera of ITG, an investment firm, that they were destined to fall. It was a self-defeating prophecy.
Here is a little bit of an email I just sent to a colleague in which I rant (a little) about the state of AOM and having taken one-too-many sociology of knowledge classes.
I think AOM may have lost sight of its best purpose if it is all near-journal articles. OTOH, that is probably why visual and round table sessions evolved. Meanwhile, the near-journal expectations for normal papers helps to increase supply of citations for the burgeoning demand for more CV lines among the exploding business school faculty ever-urged on by the whipping of reputation-mad Deans, Presidents, and trustees. Having a sociology of knowledge pair of lenses is really a fucking curse since I can both see through the BS artifices of knowledge production and also feel self-justified in not playing the game. Ok, rant over.
I am encouraging all of my former Capstone (“Rise of the Network Society”) students to attend this one. Lessig is an important voice discussing the pratcical and poitical implications of the overalps between technology, culture, law, and also politics.
As the press release states, Professor Eric Faden, who is bringing Lessig, is a client due to his creation of A Fair(y) Use Tale which explore issues of copyright protection.
Looks good! Hope you can make it!
News: Lessig talk on ‘hybrid economy’ March 27 || Bucknell University
Lawrence Lessig, the renowned copyright and intellectual property rights author and Stanford Law School professor, will present a talk titled, “Remix — Making Art and Commerce Thrive in the Hybrid Economy,” on Thursday, March 27, at 7 p.m. in Bucknell University’s Trout Auditorium.
The talk is free and open to the public.
I am not an innovator, but maybe a first or late first adopter. Of course, it varies by network too. At my university, I seem to be clearly an early adopter of many collaborative technologies (blogs, wikis, virtual worlds). Anyway, this blog came up and seemed to be worth exploring further as my own scholarly work about Web 2.0/living web also takes on living web forms.
Mitchell Waldrop, coincidentally, is also the author of Complexity which is one of my favorite books and indirectly influenced my choices of scholarly interests in grad school and beyond.
This is a stub until I can look at the blog more.
Scholarship 2.0: An Idea Whose Time Has Come: <strong>Science 2.0</strong>
Scholarship 2.0 is devoted to describing and documenting the forms, facets, and features of alternative Web-based scholarly publishing philosophies and practices. The variety of old and new metrics available for assessing the impact, significance, and value of Web-based scholarship is of particular interest.
Wow ! Welcome Hal 2000! Or the Oracle. Or agent Smith.