The Right Coast
March 11, 2004
Cowan on Blogs
By Mike Rappaport
Tyler Cowan has a great piece on blogs. (Hat tip: Tyler Cowan). Here is an excerpt:
The “blogosphere,” as it is known, is an efficient and remarkably speedy means of processing and evaluating information. Once a new idea or fact has been posted on a blog, it is digested, analyzed, and evaluated within a matter of hours. Errors of fact or reasoning do not go unpunished. Furthermore the writer has the chance (obligation?) to respond to commentary and criticism. In these regards blogs are more efficient than newspapers. And many blogs offer a “comments” section, where readers can see how other readers have responded to the posted material.
In short, the blogosphere functions as a remarkably decentralized and powerful spontaneous order, to cite a concept from F. A. Hayek. No single person planned the evolution of blogs, but an entire intellectual architecture has arisen to serve millions.