Economists’ blogs | The invisible hand on the keyboard | Economist.com
The invisible hand on the keyboard
Aug 3rd 2006
From The Economist print edition
Why do economists spend valuable time blogging?
“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.