The Becker-Posner Blog

I just found out at e-roosters a link for The Becker-Posner Blog. THUMBS UP!
From the blog’s introductory message (5 Dec 04: Introduction to the Becker-Posner Blog):
“Blogging is a major new social, political, and economic phenomenon. It is a fresh and striking exemplification of Friedrich Hayek’s thesis that knowledge is widely distributed among people and that the challenge to society is to create mechanisms for pooling that knowledge. The powerful mechanism that was the focus of Hayek’s work, as as of economists generally, is the price system (the market). The newest mechanism is the “blogosphere.” There are 4 million blogs. The internet enables the instantaneous pooling (and hence correction, refinement, and amplification) of the ideas and opinions, facts and images, reportage and scholarship, generated by bloggers.
“We have decided to start a blog that will explore current issues of economics, law, and policy in a dialogic format. Initially we will be posting just once a week, on Mondays. In time we may post more frequently. The first postings will be tomorrow, December 6.”
Nobel laureate Gary Becker and Judge Richard Posner are very influential figures in the worlds of economics, law, and the in-between. It is very exciting to watch two giants debating politics, economics, law, and current affairs. This is one of the marvels of technology.
I am only sorry that I just found about it.


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