Insider and public information in varieties of capitalism
Why this work is in the frame
A frame that forgets how it found something cannot be audited. These are the routes that admitted this work.
Bibliographic record
Abstract
In this article, I suggest that different types of capitalism specialize in communicating different types of information. Strongly coordinated capitalism communicates insider information but suppresses public information, and vice versa for weakly coordinated economies. Selectively targeted insider information credibly signals intention for long-term cooperation, while indiscriminately revealed public information credibly reveals intention for opportunism. Since the same hidden knowledge cannot be revealed both indiscriminately and selectively, coordinated capitalism forces the two types of information to crowd each other out. Using the external financing of R&D as an example, I test this theory in informational environments typical for different types of capitalism (mature technologies for some and cutting-edge for others). When investors rely on public information (Initial Public Offerings), strongly coordinated capitalism exhibits severe symptoms of poor information; when investors rely on insider information (venture capital and banking), symptoms of poor information shift to weakly coordinated economies.
Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.
Full frame distilled prediction
Teacher imitationNot calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.
Codex and Gemma teacher scores by category
| Category | Codex | Gemma |
|---|---|---|
| Metaresearch | 0.000 | 0.000 |
| Meta-epidemiology (narrow) | 0.000 | 0.000 |
| Meta-epidemiology (broad) | 0.000 | 0.000 |
| Bibliometrics | 0.000 | 0.000 |
| Science and technology studies | 0.000 | 0.000 |
| Scholarly communication | 0.000 | 0.003 |
| Open science | 0.000 | 0.000 |
| Research integrity | 0.000 | 0.000 |
| Insufficient payload (model declined to judge) | 0.000 | 0.001 |
Machine scores (provisional)
The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.
Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.
score_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it