Friday, August 04, 2006

blogs by famous economists

The Economist lists some of the famous economists who blog their thoughts in an article titled The invisible hand on the keyboard:

“CLEARLY there is here a problem of the division of knowledge, which is quite analogous to, and at least as important as, the problem of the division of labour,” Friedrich Hayek told the London Economic Club in 1936. What Mr Hayek could not have known about knowledge was that 70 years later weblogs, or blogs, would be pooling it into a vast, virtual conversation. That economists are typing as prolifically as anyone speaks both to the value of the medium and to the worth they put on their time.

Like millions of others, economists from circles of academia and public policy spend hours each day writing for nothing. The concept seems at odds with the notion of economists as intellectual instruments trained in the maximisation of utility or profit. Yet the demand is there: some of their blogs get thousands of visitors daily, often from people at influential institutions like the IMF and the Federal Reserve.


UPDATE: Moved all the links over to graffiti central

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Anonymous Semus Tommy said...

Thanks for linking up all famous economists shared insights article. I've been looking for similar type of discussion and so glad to discover out here. To become a good economist such post is worth following. Great job... Keep up allocation.
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