Friday, May 07, 2004

Cafe Hayek: Is Blogging the Answer?

tbDon Boudreaux on Cafe Hayek points out certain laments among economic scholars that they have failed "to explain fundamental economic truths to the general public." Boudreaux wonders aloud if blogging the answer.

I concur. This reminds me of Michael Lewis' groundbreaking book: Next: The Future Just Happened. In it he puts forth the theory that the Internet has turned traditional pyramid hierarchies into pancakes.

IMHO, blogging is a combination of the best characteristics of the internet, namely:
  • accelerated information
  • enhanced communication
  • instant notification
  • anonymous and quick transaction
  • automation
  • personalization
  • presentation
  • innovation
  • availability
  • localization
  • efficiency
  • demand

I pointed out such characteristics in relation to multi-channel computing some years ago. Don's comments have got me aching to revamp that article in relation to blogging. cheers.