Wednesday, October 01, 2008

Clay Shirky on how algorithms caused the credit crunch

I had the great good fortune to meet and interview Clay Shirky (author of Here Comes Everybody) yesterday at Incisive Media in London.
He was in town for the AOP conference among other keynotes - and meetings with Government Ministers, no less.
So to get a one-to-one for any length of time was fantastic. We had a scheduled 20mins... but things got interesting so we stretched it...

The result is the video you see below. At least, that's part of the result. It's part one of seven. The interview lasts over 35mins in total and Clay answers not only my questions, but all those put through comments on this blog or via twitter over the last few days.

I'll be adding the next six parts over the next week or so - and for those who can take it all in one go - I'll add the full and unedited (and higher quality) version to google video before too long (youtube limits me to 10mins a pop, anyway).

In part one we talk about Clay's journey - what is in his background that makes him place the human element so high in his consideration of group forming network theory. (image by matlock via flickr)

And the new ways value are created in self-forming communities of purpose leads us to Clay's fascinating analysis of what the bankers did wrong and what they can learn (how social capital mitigates risk) from reconnecting with humans.

Hope that's whetted your appetite: Now hear from the man himself. And if you've missed Clay on his current trip to the UK, you can catch him again here. (blog of the event here) And you can buy his book, here.

The rate of change is so rapid it's difficult for one person to keep up to speed. Let's pool our thoughts, share our reactions and, who knows, even reach some shared conclusions worth arriving at?