There's an interesting conversation going on about Blogshares.
Joi has a Chat with Seyed, creator of Blogshares, and Pierre Omidyar gives his own thoughts bout it in Joi on Blogshares.
I don't know have a definite point of view about this experiment yet: I think that the sociology of influence games warrant a much more complex regulation system than a market, but at the same time as Omidyar points out, this may lead to some interesting results in the area of "collaborative, value-creating blogs".
An example of analysis of influence games and their complexity is Pierre Bourdieu's excellent The Rules of Art: Genesis and Structure of the Literary Field, where he analyzes the autonomization of the literary field, led by Flaubert in the 19th century. See http://www.polity.co.uk/book.asp?ref=0745611524 and http://www.semcoop.com/detail/0804726272 to get an idea of the content.
Clearly a simple market mechanism will not be a good enough mechanism to regulate the complex relationships that the actors are involved in the literary or scientific field.
12:06:20 PM
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