Manias and Mimesis: Applying René Girard’s Mimetic Theory to Financial Bubbles
Byrne Hobartdeliverypdf.ssrn.comSaved by Matthew Giampetroni and
Manias and Mimesis: Applying René Girard’s Mimetic Theory to Financial Bubbles
“Conformity is a powerful force that can counteract gravity for longer than skeptics expect,” writes Wall Street Journal finance columnist Jason Zweig. “Bubbles are neither rational nor irrational; they are profoundly human, and they will always be with us.”
Luke Burgis • Wanting: The Power of Mimetic Desire in Everyday Life
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Matt Prewittradicalxchange.org
In the meme economy, the market performance of a stock or cryptocurrency is less about forecasting business revenue than it is about gauging a traded asset’s “memeability.” This user-generated, virality-based investment strategy can best be explained by René Girard’s mimetic theory of desire, which argues that “human desire is not an autonomous pro... See more
Harry Jones • The Meme Economy
The spectacle of “building" describes systems that optimize for whatever can be ritualized, narrated, and scaled. The argument isn’t that spectacle alone is negative. Quite the opposite. Byrne Hobart and Tobias Huber, in their recent book Boom, make the persuasive case that bubbles aren't merely collective irrationality; they’re crucial for innovat... See more